BG Group and KBR signs global alliance
BG Group has signed a global alliance with KBR that will enhance the company’s capacity to deliver commercially attractive oil and gas projects around the world.
The single-partner alliance, which has been signed for an initial six years also has options to extend to up to 10 years and will involve KBR’s experienced engineers and specialists providing technical support, services (in both the pre-FEED and FEED stages), and project management expertise across BG Group’s global upstream portfolio.
Under the agreement, KBR will provide a flexible resource that can be scaled to match the specific requirements of each project rather important in a lower oil price environment as it will enable BG Group minimise its fixed costs whilst retaining access to high value technical expertise and support.
BG Group Chief Operating Officer Sami Iskander says the alliance is important as it provides the company with access to dedicated and proven third-party expertise and resources that can be tailored to specific projects
“We are pleased to announce our upstream alliance with KBR, which represents a significant evolution in the way we work with contractors. We will be taking a more integrated and collaborative approach in which we can fully capitalise on the high calibre of people and the knowledge that our partner KBR can bring to our business,” says Iskander.
He adds that the alliance will also help BG Group focus on enhancing its productivity and agility as it develop projects that will deliver the next phase of the company’s growth.
“We are excited about this opportunity to continue our relationship with BG Group while continuing to demonstrate our track record of safety, quality personnel and experience in the upstream market sector,” Stuart Bradie, KBR President and Chief Executive Officer commented.
BG Group operates in more than 20 countries and is pursuing material opportunities and projects in Brazil, Australia, Tanzania and USA.