KBR Subsidiary Granherne Awarded Frame Agreement by Petoro AS
February 18 2008 - 4:31PM
Business Wire
KBR (NYSE:KBR) today announced that its consulting subsidiary
Granherne has been awarded a four-year frame agreement by Petoro AS
to execute front-end studies and project reviews related to
Petoro�s involvement as partner in production licenses in the
development of oil and gas resources on the Norwegian continental
shelf. Services will include area development studies, feasibility
studies, verification studies, project and technical reviews, and
schedule, cost and risk analyses. �This award is an example of
Granherne�s expertise in conceptual engineering services,� said
Clive Vaughan, Vice President, Granherne. �We look forward to
working closely with Petoro AS in their development and production
of oil and gas reserves within the Norwegian sector.� Granherne is
a leading front-end engineering consultancy for onshore, offshore
and deepwater oil and gas developments and has experience on over
3,000 projects in more than 20 countries. Granherne has provided
services for more than 100 subsea developments, including step out
expansions, marginal fields and major subsea projects. KBR is a
global engineering, construction and services company supporting
the energy, petrochemicals, government services and civil
infrastructure sectors. The company offers a wide range of services
through its Downstream, Government and Infrastructure, Services,
Technology, Upstream and Ventures business segments. For more
information, visit www.kbr.com.
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