Norway’s Statoil awarded KBR, Inc. a three-year master services agreement (MSA) to provide engineering and procurement services for the Norwegian giant on a global scale.
The MSA has an option to renew every three years for a total of 12 years. Revenue will be booked to the hydrocarbons business segment as work orders are awarded against the MSA.
The MSA will allow KBR to competitively bid on global services relating to concept studies, front end engineering design (FEED), detailed engineering and procurement services and general management assistance (EPCM) in connection with Statoil projects, both onshore and offshore.
This agreement builds upon a long-term relationship between KBR and Statoil and provides Statoil access to KBR’s engineering expertise and capacity for their upcoming international field developments.
