KBR JV Wins Two FEED Contracts from Azerbaijan International Oil Company

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KBR JV Wins Two FEED Contracts from Azerbaijan International Oil Company

KBR, Inc. announced 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

Source: www.kbr.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.