KBR Awarded Engineering Contract for SMOE Maersk MOG Halfdan Phase IV Project
July 15 2008 - 4:05PM
Business Wire
KBR (NYSE:KBR) announced today that it has been awarded a $16.5
million contract for detailed engineering for the SMOE Maersk Olie
Gas (MOG) Halfdan Phase IV Project. The award marks the third
project MOG has awarded the combined KBR and SMOE team. KBR will be
responsible for designing a new platform as part of the continued
development of the Halfdan field located in approximately 140 feet
of water 120 miles west of Esbjerg, Denmark. The platform will be
constructed at SMOE�s Singapore fabrication yard and transported to
the North Sea upon completion. �KBR is delighted to continue
working with SMOE to develop a proven, mutually beneficial
relationship in offshore production facility design and
engineering,� said John Rose, President, KBR Upstream. �This
contract reinforces our continued presence as a safe, world class
offshore contractor in the Asia Pacific region. This region is on
the threshold of undertaking several offshore projects and this
award helps position KBR to gain a major share of the business with
an established presence along with fabricator relationships in the
region.� �This contract further demonstrates that SMOE and KBR are
a winning combination,� said Ho Nee Sin, Managing Director, SMOE.
�KBR and SMOE have worked together on six projects under similar
arrangements in the last seven years. KBR was able to provide
valuable engineering to SMOE in support of its engineering,
procurement and construction contractual obligations.� 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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