KBR, SOCAR form engineering venture

KBR (NYSE: KBR) and the State Oil Company of Azerbaijan Republic (SOCAR) have agreed to establish a new engineering and support services joint venture in Baku, Azerbaijan.

Apr 2nd, 2015

Offshore staff

HOUSTON – KBR (NYSE: KBR) and the State Oil Company of Azerbaijan Republic (SOCAR) have agreed to establish a new engineering and support services joint venture in Baku, Azerbaijan.

This 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 inAzerbaijan.

Additionally, the new company will prepare technical requirements for all stages of a project, including project management, contract supervision, planning and cost control; and train and develop the local workforce and supervise contractors throughout all stages of a project – from startup through construction and into performance testing.

04/02/2015

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