KBR Acquires Energo Engineering
April 05 2010 - 5:02PM
Business Wire
KBR (NYSE: KBR) - today announced that it has acquired
Houston-based Energo Engineering. Energo provides Integrity
Management (IM) and advanced structural engineering services to the
offshore oil and gas industry. Energo will be integrated into KBR’s
Granherne subsidiary, which will enable that business to expand its
capabilities worldwide as well as support FEED and detailed design
projects.
“The acquisition of Energo Engineering is an important step in
recognizing the increased demand for competent integrity management
of offshore assets,” said Roy Oelking, KBR President Oil and Gas.
“By integrating Energo into Granherne’s business, we are creating
expanded market opportunities which reaffirm KBR’s commitment to
the oil and gas market worldwide.”
“This acquisition is a strategic addition to KBR’s Granherne
business. The resource pools of Granherne and Energo are
complementary and we believe the partnership between the two
companies will result in a wider and more attractive offering to
our clients,” said Richard D’Souza, Vice President, Granherne
Global Operations.
“Operationally, Energo’s integrity management group complements
Granherne’s floating and fixed structures engineering capabilities
such that as one company we can now provide a “complete” structural
integrity management (SIM) package to clients using a single point
contact and a single contract,” said Engero President Frank
Puskar.
Energo’s advanced structural engineering capabilities include
services such as specialty hurricane, earthquake, ultimate strength
and blast analysis and design. Energo’s offshore industry work
provides these services to most of the major offshore oil and gas
operators as well as many of the independent US operators. Some key
regions of the world where Energo has ongoing projects include the
Gulf of Mexico, US West Coast, Trinidad, West Africa, Russia
(Sakhalin Area) and Western Australia.
KBR is a global engineering, construction and services company
supporting the energy, hydrocarbon, government services, minerals,
civil infrastructure, power and industrial markets. For more
information, visit www.kbr.com.
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