Subsea 7 and KBR join hands to deliver Concept and FEED services
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) has signed an agreement to form an alliance with Houston-based KBR, Inc. (KBR) and its wholly owned subsidiary, Granherne Inc. (Granherne), to collaborate in the delivery of Concept and Front End Engineering and Design (FEED) services to the global offshore oil and gas industry.
The alliance will bring two market-leading companies together to ensure the most cost-effective solutions are presented to clients in the early concept evaluation phase of a field development project.
KBR’s and Granherne’s expertise in field development planning, concept evaluation and FEED will be complemented by 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.
Within the co-operation agreement between the companies, Granherne will support Subsea 7 on concept and FEED studies and Subsea 7 will support Granherne with subsea engineering and technology. The alliance will operate on a global basis using the existing resources of the two companies.
The alliance further provides the opportunity for KBR and Subsea 7 to collaborate in the execution phase of offshore projects. The combined experience and capabilities has the potential to deliver the full scope of any project. 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.
Subsea 7 S.A. is a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry. We provide technical solutions to enable the delivery of complex projects in all water depths and challenging environments.
KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and governmentservices industries, employing about 25,000 people worldwide with customers in more than 70 countries and operations in 40 countries across three distinct global businesses: Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through Granherne/Energo and GVA; Engineering & Construction, including Upstream Oil & Gas; LNG/GTL; Downstream Oil & Gas, Petrochemicals and Chemicals; and differentiated EPC; and, Government Services, including program management and long term annuity contracts.
