KBR Joint Venture Selected by BP for Two Energy Security Projects in Azerbaijan | KBR Stock News

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6 days ago
  • KBR (KBR, Financial) secures two major contracts in Azerbaijan with its joint venture SOCAR.
  • Projects aim to bolster energy security and emissions reduction, utilizing 95% local workforce.
  • Contracts include Sangachal Terminal Electrification and Shah Deniz compression projects.

KBR Inc. (KBR), in partnership with SOCAR, has been awarded two significant contracts by BP in Azerbaijan. The joint venture, SOCAR-KBR LLC, will deliver detailed engineering design and procurement services for the Sangachal Terminal Electrification (STEL) project and the Shah Deniz compression (SDC) gas field project.

The Sangachal Terminal, previously designed by KBR, is a key infrastructure piece, linking Azerbaijan with Europe and supporting the nation’s transition to a national grid supply aimed at reducing emissions. These projects will be executed from SOCAR-KBR’s office in Baku, utilizing a team of which over 95% are local Azerbaijani professionals, bolstered by KBR’s global expertise.

Jay Ibrahim, President of KBR Sustainable Technology Solutions, emphasized the importance of these projects for Azerbaijan's clean energy objectives. The ongoing partnership with BP underscores BP’s confidence in SOCAR-KBR’s capabilities, especially following the successful completion of front-end engineering design (FEED) phases for both projects.

KBR has a longstanding presence in the region, delivering energy solutions for over three decades. With a strategic focus on clean energy and regional development, these projects reflect a commitment to sustainable infrastructure and local workforce enhancement.

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