Subsea 7 awarded contract offshore Egypt

expat network

Subsea 7 awarded contract offshore Egypt

Subsea 7 S.A. announced the award of a substantial(1) contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of over 900 metres in the Atoll field.

The contract scope includes the engineering, procurement, construction and installation of more
than 40 kilometres of rigid pipelines and associated structures for the new Atoll field, tying into the
existing Taurt field at a water depth of 100 metres. A 105 kilometre umbilical will also be installed
linking the Atoll field to shore.

Engineering and procurement services have already commenced. Offshore campaigns will take place in the second half of 2017 and the early months of 2018, using the Subsea 7 vessels Seven Borealis, Seven Eagle, and Seven Arctic.

Subsea 7’s Region Vice President for Africa, Gilles Lafaye, said: “We are delighted to strengthen our
presence in Egypt. This substantial contract award recognises our technical expertise and track
record of strong execution for Pharaonic Petroleum Company”.

(1) Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.

About Subsea 7
Subsea 7 S.A. is a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry. They provide technical solutions to enable the delivery of complex projects in all water depths and challenging environments.

Source: www.subsea7.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.