Saipem awarded $370m offshore work

expat network

Saipem awarded $370m offshore work

Eni Angola S.p.A. has awarded Saipem work orders in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017. The work, which will be performed by the E&C Offshore division, encompasses the construction and subsequent installation in deep waters of umbilicals, risers and flowlines (Deep Water SURF) required for the development of Block 15/06, located 350 km north west of Luanda and 130 km west of Soyo.

Furthermore, in the framework of its Maintenance, Modifications and Operations (MMO) activities, once again in the Offshore E&C sector, Saipem has acquired from Eni Ghana Exploration & Production Ltd. a contract for the engineering, procurement and construction of the infrastructures needed to boost the capacity of the gas stations situated in the vicinity of the ports of Takoradi and Tema in Ghana.

Finally, among the new acquisitions a contract has been assigned by Nord Stream 2 AG for the construction of the last section of the pipeline crossing the Baltic Sea and the shore approach in Greiswald, Germany.

The combined value of the above-mentioned new contracts is approximately USD 370 million.

About Saipem

Saipem is a world leader in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deep water. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content.

Source. www.saipem.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.