Transocean Arctic Wins Norwegian Job

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Transocean Arctic Wins Norwegian Job

Transocean has been awarded a contract for the semi-submersible drilling rig Transocean Arctic. It will be used for drilling in the Alvheim and Volund fields, offshore Norway.

The news was revealed earlier this week by by Det norske oljeselskap, the Norwegian oil company for which the rig will be operating.

According to Det norske, the contract scope for drilling of four wells in the Alvheim area will take up to 250 days and has a value of approximately $44.75 million excluding options.

The contract will start during December 2016 and involves the drilling of one exploration well at West Volund in license 150B, and three production wells – two wells in license 150 and one in license 203 / 088BS respectively.

The award is for a traditional well contract based on a daily rate and with several flexible options built into the agreement.

The Transocean Arctic is a harsh environment midwater semi-submersible drilling rig also certified for drilling wells in the Barents Sea and under HPHT (high pressure and high temperature) conditions.

Source: www.offshoreenergytoday.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.