Another milestone North Sea Offshore Platform Complex for KBR: Maersk Oil's Culzean Field
HOUSTON, UNITED STATES, Oct. 29, 2015 (GLOBE NEWSWIRE) -- KBR, Inc. (NYSE: KBR) announced today a significant award for detailed design engineering and follow-on services by SMOE PTE LTD, Singapore for the topsides facilities for Maersk Oil's Culzean project, in the UK Sector of the North Sea. Specifically, KBR will deliver the living quarters, central processing facility and well-head decks for the three platforms for the Culzean project.
"We are pleased to support this exciting and significant new UK North Sea project and to continue our long and successful history with SMOE and Maersk Oil as well as in the UK and Asia-Pacific region," said Stuart Bradie, KBR President and CEO. "For more than 50 years, KBR has been a world leader in designing and constructing fixed and floating offshore oil and gas facilities in challenging maritime environments around the globe. Our selection for this project is indicative of KBR's unique expertise, and competitive high quality and technologically advanced services," continued Bradie.
KBR has been supporting Maersk Oil and their co-venturers in the development of the concept and front-end engineering (FEED) for the Culzean gas field since May 2014 from KBR's Leatherhead, UK offices. KBR's world class engineering capability in the design of ultra-high pressure and high temperature (uHPHT) facilities has facilitated Maersk Oil's ability to proceed with the field development.
The sixteen month detailed design will commence immediately with the Leatherhead team transitioning the next phase of work to KBR's project team in Singapore. KBR will also provide follow-on services to SMOE for the whole thirty-two month duration of the project.
The project has capitalized on schedule opportunities during FEED by placing contracts for eighteen major equipment packages. KBR's strategy of supporting customers to de-risk project schedules by engagement of the supply chain early in the project life-cycle has been critical in scheduling first gas from Culzean for 2019.
Revenue associated with this project will be booked into backlog of unfilled orders for KBR's Engineering and Construction business segment in the fourth quarter of 2015. The project will start immediately and flow through to 2018, with the bulk of the work complete by mid- 2017.
About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 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 subsidiaries Granherne, Energo and GVA
Government Services, including program management and long term annuity contracts
KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project delivery with predictable results. At KBR, we deliver.
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