KBR (NYSE: KBR) announced today its SOCAR-KBR joint venture has been awarded a front-end engineering design (FEED), turnaround engineering, and procurement support services contract by BP Exploration for the Shah Deniz Alpha (SDA) platform in Azerbaijan.
This project will significantly reduce SDA's overall carbon footprint and increase operational efficiency, providing a robust, long-term, high-availability power supply. SOCAR-KBR will be responsible for the FEED services for decommissioning the existing five main power generators on the SDA platform. They will then create a power supply from the KBR-designed Shah Deniz Bravo platform through subsea cables and a back-up power generator.
"KBR has been working in the Azerbaijan-Georgia-Turkey region since 1993, which gives us unrivaled expertise with on- and off-shore greenfield and brownfield assets," said Jay Ibrahim, president of KBR Sustainable Technology Solutions. "Our SOCAR-KBR joint venture allows us to combine KBR's proven tools, systems, procedures and project track record in the region with SOCAR's operations knowledge and experience in the energy sector."
This project will be delivered from SOCAR-KBR's Baku office to maximize local execution, with specialist subject matter expert support provided from KBR's London operations. KBR is proud that more than 95% of its current Baku-based SOCAR-KBR team are Azerbaijani engineers.
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 countries.
KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Forward Looking Statement
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The company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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SOURCE KBR, Inc.