With support from KBR and SOCAR, the new company will provide design, engineering, technical, procurement, construction supervision and project management service for projects across the upstream, midstream and downstream oil and gas sectors, primarily in the Republic of Azerbaijan. The company will also prepare technical requirements for all stages of a project, including project management, contract supervision, planning and cost control.
"KBR is proud to continue our successful history in Azerbaijan," said Stuart Bradie, KBR President and CEO. "KBR has worked on various projects in Azerbaijan since 1994. This joint agreement represents KBR`s ability to bring consistent and valuable training and educational programs to the region. We look forward to mobilizing our expertise, systems and procedures to support SOCAR`s success with these new projects."
"We are confident that this strong JV will help to realise our ambition to create a world class Azerbaijan-based engineering company," added SOCAR President Rovnag Abdullayev.
KBR and SOCAR announce new engineering Joint Venture in Azerbaijan
29 March 2015
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KBR, Inc. announced today that it has signed a joint venture (JV) agreement with the State Oil Company of Azerbaijan Republic (SOCAR) to establish a new engineering and support services company in Azerbaijan, Nasdaq reported.
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