Weir wins $12 million KOC contract

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Weir wins $12 million KOC contract

Weir Oil & Gas Dubai, today announced an agreement with Kuwait Oil Company (KOC) through their representative in Kuwait, Khuff Trading and Contracting, for the purchase of 295 Seaboard™ wellheads, representing approximately $12 million USD.

Weir will provide KOC with 11 different wellhead configurations ranging from 3,000 to 10,000 PSI. The products sold include conventional wellheads along with HH cladded trees, and solid block dual completion trees. Equipment designs will accommodate casing and tubing sizes ranging from 24” to 3 ½” in the various well head configurations supplied to KOC.

“This is a significant milestone as we continue to devote resources to such a vital region of the world’s upstream market,” said Fraser Park, Interim EMEA Regional Managing Director of Weir Oil & Gas. “Since opening the first wellhead manufacturing facility in Dubai’s Jebel Ali Free Zone last year, our commitment to keeping customers productive and profitable in challenging conditions has not wavered. To have an industry leader such as KOC entrust us with their wellheads demonstrates that we are delivering on our promise.”

In addition to a manufacturing facility for an entire suite of equipment for the upstream and downstream markets, Weir provides operators in the region with operations and maintenance integrated services contracts. The scope of its resources in the region is key to its ability to serve as a resource to companies such as KOC.

“Partnering with Weir is an extension of several components of KOC’s 2030 Strategy,” said Ahmed Dick, managing director of Khuff Trading and Contracting, “From maximizing the strategic value of oil, realizing the value from technology, all while adhering to strict safety and environmental protocols, our alliance with Weir Oil & Gas is an important component to KOC’s long-term strategies.”

Weir takes a customized approach to designing critical service equipment including its Seaboard™ two-stage, single bore wellhead system, and mandrel casing hangers through BOP installed lockdown seal assemblies and the Seaboard™ versatile quick-connect hub. This allows operators to run the pre-assembled wellhead system through the rotary- table, landing on the conductor, with no flame cutting, welding, grinding or other on-line, time intensive, installation techniques. Weir’s unique approach to design eliminates lock down screws by utilizing an integral lockdown seal assembly rather than traditional hanger lock-down screws, subsequently removing multiple potential leak paths.

In addition to the Seaboard™ wellhead, Weir provides field services and training, supported locally in the region through its manufacturing facility in the Jebel Ali Free Zone.

Source: https://www.global.weir/

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.