Modec wins Culzean contract

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Modec wins Culzean contract

Modec has signed a contract with Maersk Oil North Sea UK Ltd to supply a Floating Storage and Offloading (FSO) vessel for the Culzean development project in the North Sea.

This FSO will be deployed at the field approximately 145 miles off the coast of Aberdeen in water depth of around 295 feet. The Culzean field is operated by Maersk Oil UK with co-venturers JX Nippon Exploration & Production (UK) Ltd and BP.

MODEC is responsible for the Engineering, Procurement and Construction (EPC) of the FSO. SOFEC, Inc, a subsidiary of Modes, will design and supply the Internal Turret mooring system.

The FSO will have receiving capacity of 25,000 barrels of condensate per day and storage capacity of 350,000 barrels. The complete unit will be delivered to Maersk Oil UK in the first half of 2018.

A significant milestone for Modec in Gaining entry into the North Sea

Source & Link: www.modec.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.