KBR and Subsea 7 have agreed to team-up to deliver concept and front-end engineering and design (FEED) services to the global offshore oil and gas industry.
As part of a co-operation agreement signed, Granherne, the wholly owned subsidiary of KBR, will support Subsea 7 on concept and FEED studies, with Subsea 7 supporting Granherne by providing it with its subsea engineering and technology.
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The alliance, which will use the existing resources of the two companies, will operate on a global basis and can engage with clients to offer them with better solutions during the important concept evaluation phase of a project.
It will also enable KBR and Subsea 7 to collaborate in the execution phase of offshore projects.
According to KBR, the partnership decision will be based on a clear and differentiated value proposition to the client on a project-by-project basis.
KBR president and CEO Stuart Bradie said: "This alliance combines the complementary skill-sets and know-how of two leading offshore contractors working together to ensure a greater contribution at the early stage of projects.
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By GlobalData"Together, both companies can ensure that offshore oil and gas development becomes more economic and we look forward to continuing our already strong working partnership with Subsea 7."
Subsea 7 CEO Jean Cahuzac said: "This alliance will drive improvements in the offshore market with two leading independent companies working together to deliver greater value for clients worldwide.
"I look forward to strengthening our relationship with KBR through this alliance which provides the opportunity for early engagement in the project lifecycle when value creation can be optimised and where we can introduce enabling subsea technologies and know-how at the critical concept evaluation stage."
