Petrofac & CCC win Kuwait contract

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Petrofac & CCC win Kuwait contract

Consolidated Contractors Co. (CCC) and Petrofac International have been awarded a $4.2bn Kuwait contract to develop the Lower Fars heavy oil field.

The country’s central committee for tenders said the companies would work on the development of the first phase of the heavy oil project.

The field is slated to produce 60,000 barrels of heavy crude per day by 2018.

The contractors are expected to develop additional infrastructure that could double the field’s output by 2020.

Last year, Kuwait said it would drill more than 900 wells in the Lower Fars field as part of its effort to increase production from 2.8mn barrels per day to 4mn barrels per day in 2020

Source: Construction Week Online

More Info: http://tinyurl.com/ntbt262

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.