Petrofac wins $780m project in Kuwait

expat network

Petrofac wins $780m project in Kuwait

Oil and gas services provider Petrofac has won a $780m (£506m) contract for Kuwait Oil Company’s (KOC) manifold group trunkline (MGT) system in the north of Kuwait.

The deal will see it oversee engineering, procurement and construction of Kuwait Oil Company’s (KOC) manifold group trunkline (MGT) system in the north of Kuwait.

The project is part of KOC’s strategy to increase and maintain crude oil production over the next five years, Petrofac said.

Three new gathering centres, which form part of the broader project, are already under construction with Petrofac working on one site.

Due for completion towards the end of 2017, the system will provide the feedstock to each of the gatehring centres via three independent networks of intermediate manifolds and pipelines.

Each of the three gathering centres will be capable of producing around 100,000 barrels of oil per day together with associated water and gas.

Marwan Chedid, chief executive of Petrofac’s engineering, construction, operations and maintenance division, said: “We have a long track record in Kuwait which extends over the last 15 years and the MGT award represents our 12th project in the country.

“Kuwait is, and will continue to be, one of our core markets and is of strategic importance to Petrofac’s ambitions in the Middle East. We look forward to working with KOC to deliver this project safely and on schedule.”

Source: Yorkshire Evening Post

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).

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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.