Adco signs $334 EPC deal for Mender oilfield

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Adco signs $334 EPC deal for Mender oilfield

Adco, Abu Dhabi Company for Onshore Petroleum Operations Ltd., has been awarded the Engineering, Procurement and Construction (EPC) contract for the development of the Mender field to China Petroleum Engineering and Construction Corporation, CPECC. The value of the contract is is US $ 334 million.

The contract covers the construction of gathering stations, pipelines and power transmission lines, as well as sewage systems.

The contract was signed at ADCO’s headquarters by Mr. Abdul Munim Saif Al Kindy, Chief Executive Officer, and Mr. Ahmed Al Hammadi, Senior Vice President (South East), for ADCO and by Mr. Hou Haojie, the president of CPECC, and Mr. Ji Chenglin, General Manager of CPECC Abu Dhabi.

The event was also attended by ADCO Executive Management, ADCO Engineering and Major Projects Management, members of the Executive Management of CPECC and He Song, Economic & Commercial Counsellor of the Chinese Embassy in the UAE.

With a production capacity of about 20,000 barrels per day, the Mender field project is of strategic importance since it will help boost ADCO’s daily crude production from 1.6 mbpd barrels to 1.8 mbpd by 2017.

Source: www.zawya.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.