SapuraKencana win $72M in contracts

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SapuraKencana win $72M in contracts

SapuraKencana Petroleum’s subsidiary companies have won contracts and extensions with a combined value in the region of $72 million in Malaysia, India and Ivory Coast.

SapuraKencana HL Sdn Bhd has been awarded a contract for the provision of engineering, procurement, construction & commissioning (EPCC) for simultaneous production and drilling on D35DP-B Project, offshore Malaysia, by Roc Oil.

According to SapuraKencana’s Bursa Malaysia filing, the works involve the preparation of simultaneous production and drilling package on D35DP-B platform for a drilling campaign and subsequent well tie-in activities.

The contract is for a period of approximately four months and works are expected to start in the fourth quarter of 2015 with expected completion by the first quarter of 2016, the company said.

In addition, SapuraKencana TL Offshore Sdn Bhd has been awarded a subcontract from main contractor, L&T Hydrocarbon Engineering Limited, for the additional development of the Vasai East Project in India.

The company’s scope of work under the subcontract is for the installation of structures and pipelines and other subsea work at Vasai East which is located in the Arabian Sea approximately 78km offshore Mumbai. The work is expected to be completed in March 2016.

SKD Alliance gains extension

SapuraKencana Drilling Holdings Limited’s previously announced contract for its semi-tender assist drilling Rig “SKD Alliance” for Foxtrot International LDC in Côte d’Ivoire is now expected to be completed in August 2016, adding an additional five months to the contract, SapuraKencana said.

Additionally, Foxtrot still retains the option to extend the contract by three additional wells, which if exercised, will keep the SKD Alliance on contract until the final quarter of 2016.

Source: www.offshoreenergytoday.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.