Subsea 7 has agreed to its second alliance deal in a week, entering into an agreement with Houston-based KBR and its subsidiary Granherne to collaborate in cost effective, concept and front-end engineering and design services (FEED) for the early evaluation phase of field development for the offshore oil and gas industry.
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Image from Subsea 7. |
KBR and Granherne's expertise in field development planning, concept evaluation and FEED will be complemented by Subsea 7's subsea project management and engineering experience and the application of technology and know-how to enable improved cost-benefit evaluation for clients.
Within the cooperation agreement between the companies, Granherne will support Subsea 7 on concept and FEED studies and Subsea 7 will support Granherne with subsea engineering and technology. The alliance will operate on a global basis using the existing resources of the two companies, Subsea 7 said.
Through the Subsea 7, KBR alliance, the two companies will have the opportunity to collaborate in the execution phase of offshore projects on a project-by-project basis, and will be based on a clear and differentiated value proposition to the client.
"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 optimized and where we can introduce enabling subsea technologies and know-how at the critical concept evaluation stage. This is key to assisting the offshore oil and gas industry to adapt to the lower oil price environment," said Jean Cahuzac, Subsea 7 CEO.
"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. 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," Stuart Bradie, KBR president and CEO.
Earlier this week, Subsea 7 entered into an agreement with OneSubsea to form a non-incorporated alliance to design, develop and deliver integrated subsea development solutions for the oil and gas industry. Together, the two companies will focus on combining subsurface expertise, subsea production systems, subsea processing systems, subsea umbilicals, risers and flowlines systems (SURF), and life-of-field services.
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