Upstream project news

KBR will act as the main PMC contractor responsible for managing the successful engineering, procurement and construction (EPC) contractors for Packages A & B of the Dalma Gas Development Project, Packages 1-5 of the Hail & Ghasha Development Project, Hail & Ghasha Islands Project as well as the Deep Gas Project.

The company has announced estimated 4Q19 earnings of US$5.7 billion.

The company's budget for 2020 is US$1.27 billion, which represents a 30% increase on 2019 capital expenditure.

The two companies have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province.

The five-year contract will take effect in April 2020.

Subsea Integration Alliance, SIA formed by Subsea7 and OneSubsea has been selected for the subsea, umbilical, risers and flowlines contract and MODEC Inc. for the FPSO contract.

Under the MoU, the companies will offer tooling and services in four distinct areas.

The contracts awarded include directional drilling, logging while drilling, surface data logging, drilling and completions fluids, cementing, liner hangers, coring and well completions services.

Fugro has been awarded a geotechnical contract by KrisEnergy for the Apsara oilfield in Block A, offshore Cambodia, as part of the nation’s first hydrocarbon development.

The platform supply vessel Normand Tortuga will support OMV Taranaki's upcoming Crestal infield drilling campaign at the Maui A Platform offshore New Zealand.