Cape awarded South Korean contract

expat network

Cape awarded South Korean contract

Cape plc has secured a contract with Samsung Heavy Industries (“SHI”) in South Korea for the installation of insulation to the Cryogenic Pipework on the Process Topside on Shell’s Prelude Floating Liquefied Natural Gas (“FLNG”) facility.

The Prelude FLNG facility is a global project with the key location for fabrication being in Geoje, South Korea. SHI’s shipyard is where the substructure and topsides are currently under construction and is one of the few dry docks in the world large enough to undertake the fabrication. Once complete, the Prelude FLNG facility will be moored 475 kilometres north-east of Broome in Western Australia. The Prelude FLNG facility is 488m long, 74m wide and along with its contents, will weigh around 600,000 tonnes. It will be the largest floating offshore facility in the world.

Commenting on the contract award Joe Oatley, Chief Executive of Cape, said “I am delighted that Cape has been able to secure this contract and that we will be further developing our relationship with Samsung Heavy Industries. Prelude will be the world’s largest FLNG facility and we are proud to be involved with such a prestigious project.”

For more information, please visit: www.capeplc.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.