KBR said its joint venture with SOCAR was awarded two separate engineering contracts by Azerbaijan International Oil Company for a new production and drilling platform in the Azeri-Chirag-Gunashli (ACG) field.
Front-End Engineering Design (FEED) contracts for the Azeri Central East (ACE) platform in the Azerbaijan sector of the Caspian Sea includes associated brownfield tie-ins to other existing platforms in the ACG field, and a separate contract for the subsea services FEED, KBR said in a statement.
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 AGT region since 1993. During that time, KBR 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 said, adding that currently more than 75 per cent of the Baku-based SOCAR-KBR team are Azerbaijani engineers.
KBR said it booked the backlog of orders for the fourth-quarter of 2017, but didn’t disclose the value.