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KBR, Inc. has announced that it has been awarded an engineering and project management services contract by JVGAS – a joint venture of Sonatrach, Statoil, and BP – for the provision of engineering, procurement, and construction management services in Algeria

Under the terms of the contract, KBR will provide detail design engineering, procurement services as well as construction management at the major gas developments at In Salah Gas and In Amenas. This work, which is expected to be performed over 48 months, will be a KBR collaboration with engineering and the procurement services being performed from the UK and Chennai offices in partnership with the local, in-country, engineering office.

"KBR is proud of its long history in Algeria where we have been working for over 45 years," said Jay Ibrahim, KBR President, EMEA "This project will demonstrate KBRs ability to utilize its global resources to provide the full spectrum of engineering project services on one of the largest projects in the country."

Revenue associated with this project will be booked into backlog of unfilled orders for KBRs Engineering & Construction Business as task orders are confirmed.

During the 5th meeting of the Joint Ministerial Monitoring Committee (JMMC), hled in Vienna on 22 September 2017, Issam A. Almarzooq, minister of oil and minister of electricity and water in Kuwait and chairman of the JMMC, has said that the oil market situation has improved since the last meeting in St. Petersburg in July 2017

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