KBR JV awarded FEED contract for Absheron field in Azerbaijan

HOUSTON — KBR, Inc. announced that the SOCAR-KBR Limited Liability Company (SKLLC) joint venture has been awarded a Front-End Engineering Design (FEED) contract for the topsides of the Absheron Early Production Project. The platform will be located at SOCAR's Oil Rocks facility and will deliver gas and condensate into the SOCAR network.

Photo courtesy of KBR.

This award marks the third award to the SKLLC joint venture since its inception in mid-2015. SKLLC was formed to help further Azerbaijan's ambition for creating a world-class Azerbaijan based engineering company.

SOCAR and Total signed a framework agreement in late 2016 on the main contractual and commercial principles regulating the program for the first phase of development of the Absheron field. At the first stage, the field development includes drilling one well at a depth of 450 m. The extraction will amount to 1.5 Bcm of gas a year, which will fully flow to the domestic market of Azerbaijan, as well as significant amounts of condensate. First gas could be produced in 2019.

SKLLC, a local Azerbaijani company, is built on the combined 110 yr of experience between KBR and SOCAR. The JV partners KBR's experience in the Azerbaijan, Georgia, Turkey region and its proven tools, systems and procedures with SOCAR's operational knowledge and experience in the oil and gas sector. KBR has been working in Azerbaijan for more than 24 yr, giving it unrivalled experience and knowledge of local onshore and offshore greenfield and brownfield assets.

The value of the contract will be booked into the backlog of unfilled orders for KBR's Engineering & Construction business segment in 4Q 2017.

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