Subsea 7 awarded contract offshore Egypt

expat network

Subsea 7 awarded contract offshore Egypt

Subsea 7 S.A. announced today the award of a major(1) contract by BP, and partner DEA (Deutsche Erdoel AG), for the development of the Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt. This is the second phase of the West Nile Delta project, where the field development will be at depths of up to approximately 800 metres.

The contract scope includes engineering, procurement, installation and pre-commissioning of the subsea infrastructure from twelve wells, with 80 kilometres of umbilicals and 220 kilometres of pipelines. It also includes the installation of the export lines from the subsea location to the Idku terminal.

Engineering and project management work will commence immediately and will be undertaken at Subsea 7’s Global Projects Centre in London. Offshore installation is scheduled to commence in twostages. The first stage, commencing in 2017, will comprise the landfall and shallow water pipelay,and the second stage, commencing in 2018, will involve the installation of deepwater pipelines andexecution of the SURF scope. Subsea 7 vessels Seven Borealis and Seven Antares will be used for the pipelay, with the heavy construction vessel, Normand Oceanic, being used for the other construction activities.

Øeyvind Mikaelsen, Executive Vice President Southern Hemisphere and Global Projects said: “This major contract awarded by BP recognises our performance during the first phase of the West Nile Delta project and allows us to deliver synergies across multiple work packages. Our earlyengagement on this project has enabled BP and Subsea 7 together with DEA to develop anoptimised solution for thedevelopment of the Giza, Fayoum and Raven fields and demonstrates the effective collaboration between us. We look forward to consolidating our presence in Egypt and building on our long and successful relationship with BP.”

(1) Subsea 7 defines a major contract as being over USD 750 million.

Source: www.subsea.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.