Penspen awarded $4.3m Pipeline contract

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Penspen awarded $4.3m Pipeline contract

Penspen, a leading global provider of engineering and management services to the energy industry, has been awarded a contract worth $4.3 million from Gas Transmission Company Limited (GTCL), (A Company of Petrobangla) under the Ministry of Power, Energy and Mineral Resources of Bangladesh.

The contract is for the Dhanua-Elenga and West Bank of Bangabandhu Bridge – Nalka gas transmission pipeline located in Bangladesh. Work on the 67km 30” high-pressure gas pipeline will commence in 2016-17 and is estimated to take approximately two years to complete.

Penspen will be involved in all aspects of engineering and project management, which will include design of pipeline, stations and related facilities, preparing bidding documents and evaluating bids, and project management of construction.

The project will be executed by Penspen’s team in London, and will be supported by a well established Dhaka based engineering company – BETS, which will be undertaking environmental studies and providing all on-site construction activities.

Peter O’Sullivan, CEO of Penspen said: “We are excited to be part of a major project designed to help enhance natural gas infrastructure in Bangladesh. Penspen has previous experience working in the country and we are pleased to have been selected by GTCL as we continue to grow and expand in the region.

“Penspen has a strong history in providing engineering, project management, asset management and integrity services to the oil and gas industry for more than 60 years, and we are confident our expertise working on similar projects will deliver value to GTCL’s business.”

More info: www.penspen.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.