KBR, Subsea 7 in ConceptFEED services deal

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KBR, Subsea 7 in ConceptFEED services deal

KBR and its wholly owned subsidiary Granherne have signed a deal to form an alliance with Subsea 7 to deliver Concept and Front End Engineering and Design (FEED) services to the global offshore oil and gas industry.

The alliance will be a co-operation agreement between the companies where Granherne will support Subsea 7 on concept and FEED studies and Subsea 7 will support Granherne with subsea engineering and technology, said a statement.

It will operate on a global basis using the existing resources of these two market-leading companies, it said.

KBR’s and Granherne’s expertise in field development planning, concept evaluation and FEED will complement 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.

The alliance will be able to engage early with clients to provide them with the most cost-effective solutions during the important concept evaluation phase of a project.

It will provide the opportunity for KBR and Subsea 7 to collaborate in the execution phase of offshore projects, said the statement.

The decision to collaborate will be on a project-by-project basis and will be based on a clear and differentiated value proposition to the client, it said.

Stuart Bradie, president and chief executive officer, KBR, said: “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.”

Source: Trade Arabia

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.