Petrofac wins 5 year Kuwait Oil Company contract

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Petrofac wins 5 year Kuwait Oil Company contract

Petrofac has agreed a five-year relationship with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services.

The contract, which is valued at more than US$35 million, was secured following a competitive tendering process and is effective immediately. The work will be undertaken within Kuwait by the Training Services team who form part of Petrofac’s Engineering & Production Services division.

Petrofac will support KOC in reviewing and updating its competency systems and will develop and deliver technical training programmes to enhance the capability of its operations and maintenance personnel.

Karim Osseiran, Vice President, Training Services, Engineering & Production Services, East said: “This is a highly innovative, long-term project. A team of more than 30 training professionals and technical specialists from Petrofac will be embedded within KOC’s operations to deliver skills and competency-based learning and development services at the frontline of production operations.

“The award clearly demonstrates KOC’s commitment to its people and the importance it places on the development of competency and skills within its workforce. This project will build legacy value through the development of systems and processes to operationalise human capability development where it matters the most, in the field. We are delighted to have the opportunity to support KOC throughout this journey and look forward to making a real difference to performance.”

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.