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KBR, Subsea 7 in ConceptFEED services deal

KBR and its wholly owned subsidiary Granherne have signed a deal to form an alliance with Subsea 7 to deliver Concept and Front End Engineering and Design (FEED) services to the global offshore oil and gas industry.

The alliance will be a co-operation agreement between the companies where Granherne will support Subsea 7 on concept and FEED studies and Subsea 7 will support Granherne with subsea engineering and technology, said a statement.

It will operate on a global basis using the existing resources of these two market-leading companies, it said.

KBR’s and Granherne’s expertise in field development planning, concept evaluation and FEED will complement Subsea 7’s subsea project management and engineering experience and the application of technology and know-how to enable improved cost-benefit evaluation for clients.

The alliance will be able to engage early with clients to provide them with the most cost-effective solutions during the important concept evaluation phase of a project.

It will provide the opportunity for KBR and Subsea 7 to collaborate in the execution phase of offshore projects, said the statement.

The decision to collaborate will be on a project-by-project basis and will be based on a clear and differentiated value proposition to the client, it said.

Stuart Bradie, president and chief executive officer, KBR, said: “This alliance combines the complementary skill-sets and know-how of two leading offshore contractors working together to ensure a greater contribution at the early stage of projects.

“Together, both companies can ensure that offshore oil and gas development becomes more economic and we look forward to continuing our already strong working partnership with Subsea 7.”

Source:  Trade Arabia