Punj Lloyd bags $304m EPC deal in Oman

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Punj Lloyd bags $304m EPC deal in Oman

Punj Lloyd, an engineering and construction group in India, has won a $304 million oil and gas engineering, procurement and construction (EPC) deal for Oman Oil Refineries and Petroleum Industries Company (Orpic) and Oman Gas Company (OGC), according to a report.

The scope of work for the contracts include the construction of a 14-inch diameter, 300 km natural gas liquid (NGL) pipeline and a 32-inch diameter, 301 km gas pipeline, said the Oman Daily Observer report.

The 14-inch diameter pipeline, part of Orpic’s $6.4-billon Liwa Plastic Industries Complex (LPIC), will travel from the New Fahud NGL Plant to the steam cracker unit at Sohar in Oman, it said.

“Punj Lloyd was the only Indian contractor in Oman to be awarded a sizable contract of the LPIC mega complex. Our past experience of delivering strategic projects in Oman and our prowess in pipelines globally, both stood testament to our capabilities,” Atul Jain, president and chief executive officer, pipeline and tankage, Punj Lloyd, was quoted as saying.

The firm will lay another 32-inch diameter gas pipeline parallel to the existing 32-inch diameter Fahud-Sohar pipeline for OGN, in view of the increased gas demand and to ensure availability of supply.

The pipeline is being laid to supply gas for North Power station, said the report.

The scope of work also includes construction of block valve and pigging stations. Both the pipelines need to be completed within 38 and 35 months respectively, he added.

Source: www.tradearabia.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.