KBR Subsidiary Granherne Selected for Trans Caspian Oil and Gas Study
April 14 2008 - 9:15AM
Business Wire
KBR (NYSE:KBR) today announced that its consulting subsidiary
Granherne has been selected as the contractor for the United States
Trade and Development Agency (USTDA) funded Trans Caspian Oil and
Gas Study by the State Oil Company of the Republic of Azerbaijan
(SOCAR). The feasibility study will involve services for conceptual
pipeline routing and design, financial analysis and economic
modeling, capital expenditure (CAPEX) and operating expenditure
(OPEX) estimates, as well as marketing of products and
environmental reviews. The study will also examine the feasibility
of building new pipelines to transport oil and gas from the region
to other world markets. �Our selection demonstrates Granherne�s
ability to address the wide ranging scope of the study while
addressing the technical challenges,� said Clive Vaughan, Managing
Director, Granherne. �We look forward to participating in the
effort to bring oil and gas from the Caspian region to other areas
of the world.� Granherne Inc. was selected for the study through a
competitive bidding process involving eleven other firms. Granherne
will rely on expertise from its KBR counterparts, including its
office in Baku, as well as the support of several subcontractors.
Work on the study is expected to commence in late April. 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.
KBR (NYSE:KBR)
Historical Stock Chart
From May 2024 to Jun 2024
KBR (NYSE:KBR)
Historical Stock Chart
From Jun 2023 to Jun 2024