Italy’s Drillmec win Rig Projects

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Italy’s Drillmec win Rig Projects

Italy’s Drillmec has won orders to supply rigs for projects in Algeria and Saudi Arabia.

The company, which is part of the Trevi Group, has signed an agreement for the supply of two rigs of 2000hp AC HSL (Hydraulic Swing Lift) with one of the largest drilling contractors operating in Saudi Arabia.

The Saudi company has operated for more than 50 years in the industry and has an important role in the expansion programme of Saudi Aramco, the leading oil company in the country and world leader in proven reserves.

The two rigs, which will commence the drilling activities of new production wells as of Q3 2015.

It has signed a contract for the supply of five 2000hp AC rigs and two 3000HP rigs with ENAFOR, an Algerian drilling services company and acting on behalf of SONATRACH, the national oil company and largest African operator.

The two rigs of 3000HP will be the first of such power acquired and operated by ENAFOR, specially designed and intended for deep drilling where high temperatures and pressures exist.

The other five rigs of 2000 HP will be allocated to the drilling of new oil wells that are part of the national oil company’s expansion programme.

Source: Arabian Oil & Gas

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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.