KBR Wins Contract for BP Angola's Greater Plutonio Deep Water Development
HOUSTON & LONDON--(BUSINESS WIRE)--Feb. 10, 2004--Kellogg Brown & Root (KBR) has been awarded the contract to provide Engineering, Procurement and Construction Management Services for BP's Greater Plutonio fields located in Block 18 offshore Angola. The services are for the floating production storage and off-loading (FPSO) vessel and the associated subsea systems. KBR is the engineering, construction and services subsidiary of Halliburton (NYSE:HAL).
The work will be carried out in KBR's Leatherhead office in the UK and various other world-wide locations. The scope includes detailed engineering and procurement services for the topsides of the FPSO, together with project management, subsea engineering management, project services and construction management support for the overall development working in an integrated team with BP. The work is expected to be completed in 2007.
"This project advances our new offshore engineering, procurement and construction management strategy and demonstrates the strength of KBR's experience in the design, engineering and construction of FPSO and subsea systems," explained Randy Harl, president and chief executive officer, KBR. "We are pleased that we have secured this important contract that will support Angola's continued development as an oil producer."
Block 18 is located between 50 and 150km offshore and covers an area of 4,880km2, the equivalent of more than 200 leases in the Gulf of Mexico. Water depths range from 500m in the east to in excess of 1,600m in the west.
The concept selected for Greater Plutonio consists of a spread-moored FPSO vessel with subsea production, gas injection and water injection wells.
KBR is a global engineering, procurement and services company. Whether designing a chemical plant, serving as a defense industry contractor, or providing capital construction, KBR delivers world-class service and performance.
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction business segments. The company's World Wide Web can be accessed at www.halliburton.com.
Halliburton
London
Ken Beedle,
44-1372-866622