Subsea 7 informed that it has signed an agreement to form an alliance with Houston-based LNG engineer KBR and its unit Granherne to collaborate in the delivery of concept and front end engineering and design services to the global offshore oil and gas industry.
Within the co-operation 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, stands in a joint statement.
The alliance further provides the opportunity for KBR and Subsea 7 to collaborate in the execution phase of offshore projects. 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.