KBR Joint Venture Wins Two FEED Contracts from Azerbaijan International Oil Company for Azeri Central East Project
HOUSTON - (January 16, 2018) - KBR, Inc. (NYSE: KBR) announced today that its joint venture with SOCAR has been awarded two separate Front-End Engineering Design (FEED) contracts for a new Production, Drilling, Quarters (PDQ) platform - the Azeri Central East (ACE) platform - to be located in the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijan sector of the Caspian Sea.
The contracts cover the provision of FEED services for the new platform, along with associated brownfield tie-ins to other existing platforms in the ACG field, and a separate contract for the subsea services FEED.
Following previous awards to other regional and international clients, these contracts mark the 4th and 5th awards to the joint venture, SOCAR-KBR Limited Liability Company (SOCAR-KBR), since its inception in mid-2015. SOCAR-KBR was formed to help further Azerbaijan's ambition for creating a world-class Azerbaijan based engineering company.
"Through the Azerbaijani engineering company, SOCAR-KBR we are partnering KBR's proven tools, systems, and procedures and our project track record in the Azerbaijan , Turkey and Georgia (AGT) region with SOCAR's operation knowledge and experience in the oil and gas sector," said Jay Ibrahim, President, EMEA. "KBR has been working in the Azerbaijan-Georgia-Turkey (AGT) region since 1993 which gives us unrivalled experience and knowledge of existing on and offshore greenfield and brownfield assets. During that time, KBR has completed over 25 million man-hours of work with zero lost time incidents."
"These projects will be led by the Caspian engineering team in London with maximum local execution support from the Baku office where local engineers are delivering various projects under the SOCAR-KBR umbrella," Ibrahim continued. "We are proud that currently more than 75% of our Baku based SOCAR-KBR team are Azerbaijani engineers."
The value of the contract was booked into the backlog of unfilled orders for KBR's Engineering & Construction business segment in Q4 of 2017.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs over 34,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses: Government Services, serving government customers globally, including capabilities that cover the full life-cycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics; Technology & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting; Engineering & Construction, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU) and program management.
KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
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