Penspen awarded Niger Delta contract

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Penspen awarded Niger Delta contract

Penspen, a leading global provider of engineering and management services to the energy industry, has been awarded a contract from Sirius Group to conduct an engineering study for the monetisation of gas reserves from oilfields offshore Niger Delta. A key element of this agreement is the development of gas reserves of the OML 122 field, located in the offshore Niger Delta region 40km from the coastline of Southern Nigeria.

The study is being conducted as part of Project Dawn, a three year development project worth US$1.2billion that includes the construction of a pipeline network to deliver natural gas to the Escravos – Lagos Pipeline System (ELPS), which was designed and constructed under the supervision of Penspen more than two decades ago. The gas from Project Dawn will feed power plants and different industrial applications in Nigeria.

Project Dawn is expected to introduce 250mmscf/d of natural gas under the Gas Sale and Purchase Agreement (GSPA) between Sirius Oilfield Support Services Ltd and Nigerian Gas Company (NGC) a Subsidiary of NNPC.

The project will include an evaluation of the OML-122 field development, subsea gas pipeline and onshore central processing facility. The study will seek to determine the extent of new pipeline and facilities required, and quantify the overall investment required for the project.

The work is planned to include workshops in Nigeria to cover the screening of options, as well as decision and risk analysis.

Peter O’Sullivan, CEO of Penspen said: “We are pleased to have been selected by Sirius Group to provide our engineering expertise for this significant study, which will increase availability and improve accessibility to energy across the region. I am confident our team’s reputation and experience in conducting similar engineering studies worldwide will benefit and deliver value in developing infrastructure for Nigeria’s gas network.”

Source: 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.