Petrofac win US$1.3bn Kuwait project

expat network

Petrofac win US$1.3bn Kuwait project

Petrofac has been awarded a contract for Kuwait Oil Company’s (KOC) gathering centre project, GC 32, located in the Burgan oil field, south east of Kuwait.

The lump-sum engineering, procurement and construction (EPC) project, valued at approximately US$1.3 billion, is the first sour gathering centre to be developed in the field and will process crude oil and associated gas recovered from the Arifjan, Marat, Minagish Oolite and Burgan Wara high Hydrogen Sulphide fields.

Work will begin shortly and is scheduled to be completed in mid 2020. The scope of work for GC 32 includes greenfield activities with tie-in works to existing brownfield infrastructure, and will have the capacity to produce around 120,000 barrels of oil per day together with associated water, gas and condensate.

Marwan Chedid, Group Chief Operating Officer, said: “Kuwait is one of our core markets in the Middle East and we have been executing projects in the country since the early 1980’s. We are proud to continue our association with KOC and look forward to working closely with them to deliver the project.”

About Petrofac

We are a leading service provider to the oil and gas production and processing industry.

We support our clients to unlock the potential of their assets; onshore and offshore, greenfield and brownfield.

Our teams:

Design and build oil and gas infrastructure
Operate, maintain and manage assets and
Train personnel

We have a 36-year track record and have grown significantly to become a constituent of the FTSE 250 Index. We have 31 offices and around 13,500 staff worldwide, comprising more than 80 nationalities.

We are a people-based business; we have a problem-solving culture, clear values and strong leadership. With each one of our projects come complex technical and operational challenges – and our Company is full of driven people who are committed to finding solutions and deliver for our clients.

Source: www.petrofac.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.