Samsung wins EPCC contract in Thailand

expat network

Samsung wins EPCC contract in Thailand

Samsung Engineering was awarded an EPCC contract from PTT Public Company Ltd., a Thailand state-owned oil & gas company, for a gas compressor station project worth $110mil USD. The project is located in WangNoi, Ayutthaya 70km north of Bangkok, Thailand.

The project which uses Gas Turbine Driven Compressors with Shaft Power of 16MW will provide additional capacities of 800 MMSCFD gas for the city of Bangkok. The project is expected to be completed in 2018. The scope of the work also includes Gas Turbine Driven Compressor Trains, Inlet Filter Separators, Ground Flare & Vent Stack as well as Gas Cooler, Packages and Utilities and Substation.

Samsung Engineering has gained its trust from PTT through a number of projects for the client over the past 25 years. Starting from 1991, Samsung Engineering delivered a total of 15 projects to PTT, including the global scale Gas Separation Plant (GSP-6) completed in 2010. The GSP-6 project was awarded by the Project Management Institute (PMI) with the “Distinguished Project Award”. The WangNoi project is the 16th project Samsung Engineering will execute for PTT.

Samsung Engineering as one of the global leaders in gas projects further enhanced its gas capabilities by recently entering the “International Gas Union” (IGU) as first EPC contractor ever. With these competences gained, Samsung Engineering wants to provide optimal solutions to its clients all over the world and especially to PTT with the confided WangNoi contract.

Choong Heum Park, President and CEO of Samsung Engineering, stated: “I’m proud and humbled that PTT, which has been a great client and partner for us for so many years, entrusted us with the WangNoi project.” He added: “We want to deliver an excellent plant by providing the best services possible and looking forward to work with PTT with many further years to come.”

About Samsung:

Founded in 1970, Samsung Engineering has grown from a modest domestic engineering firm to a globally recognized name in the EPC market. Attracting talent from around the world, Samsung Engineering has broadened its business portfolio to a full range of engineering services: upstream and downstream hydrocarbon facilities; power plants; water and waste treatment plants; and industrial production facilities.

By pairing innovative, cost-effective engineering with flexible, efficient management, Samsung Engineering is able to provide significant, dependable value to our clients. Looking toward the future, Samsung Engineering is primed to contribute to both emerging and established global industries.

Source: www.samsung.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.