MOSCOW (MRC) -- KBR said it has signed a joint venture agreement with BIV Builders for a standalone, self-sufficient, long-term joint venture in Kuala Lumpur, Malaysia, as per Apic-online.
The joint venture, which will be named KBIV, will combine KBR's global experience and differentiated professional services and project delivery, with BIV's cost competitive and experienced resources, ensuring that the joint venture will deliver innovative and competitive engineering, project delivery and asset program management solutions, KBR explained.
Also, by utilizing KBR's Granherne subsidiary, KBIV can service the full spectrum of the hydrocarbons life-cycle in both the Malaysian domestic market, as well as highly selective regional opportunities, KBR added.
As MRC informed before, in March 2016, KBR announced that its SOCAR-KBR joint venture was awarded a significant project management consultancy (PMC) contract for the Heydar Aliyev Baku oil refinery modernization project in Azerbaijan. And in November 2016, KBR, Inc.’s JV with SOCAR was awarded a second program management consultancy contract for the Azerikimya Production Union of the State Oil Company of Azerbaijan, which had signed two contracts with Technip Italy Nov. 5, as part of the project for modernization and reconstruction of the ethylene-polyethylene plant in Sumgayit.