Odfjell picked for a contract with Kuwait Oil Company (KOC)

expat network

Odfjell picked for a contract with Kuwait Oil Company (KOC)

Odfjell Well Services has signed a contract with Kuwait Oil Company (KOC) to provide tubular running services, downhole drilling tools, drillpipe, pressure control and wellbore clean up equipment for all KOC drilling and workover operations.

Odfjell Well Services is one of three successful bidders selected to provide these services both onshore and offshore. Currently there are over 120 rigs working onshore in Kuwait, however this is expected to increase significantly during 2018.

The firm duration of the contract is 5 years, based on call off services and is expected to commence in January 2018.

George Taggart, EVP Odfjell Well Services says; “This is an extremely important contract for Odfjell Well Services and builds upon our strategy to grow in new geographical markets. Kuwait is currently one of the largest growing markets in the world and this contract assures our position as one of the leading service companies in the region for many years to come.”

About Odfjelll Drilling

Worldwide experience
Proven track record of successfully operating semi-submersibles, drillships, jackups and modular drilling units across the world. Currently own and operate a fleet of technologically advanced semi-submersibles, operating in the North Sea and beyond.

A cutting-edge, ultra deepwater fleet
Odfjell Drilling invests in the constant renewal of its assets, giving us the most up to date, cutting-edge portfolio in the market. We believe that this creates a point of difference in the industry, allowing us to achieve truly pioneering standards for our clients. Thanks to recent investments, we can now boast an array of absolutely state-of-the-art sixth generation ultra deepwater drilling units, capable of unlocking new possibilities for our clients, in all environmental conditions, right around the world.

Drilling & Technology and Well Services business units
Odfjell Drilling operates two separate business units with area-specific expertise and proven performance levels within their fields. Drilling & Technology is a leading contractor in the production drilling and engineering market. Odfjell Well Services (OWS) is a major North Sea player and a global provider of casing and fishing services, well bore cleaning and tool rentals.

Onshore Support Centre and Real Time Collaboration
Together we’re stronger. This philosophy defines not only the team-focused character of the company, but also the way we run our rigs. Odfjell Drilling has invested in Onshore Support Centres to operate as the nerve centres of our offshore rigs, providing the best technological and management support to back up the hands-on expertise of our colleagues at sea.

Source: www.odfjelldrilling.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.