OREANDA-NEWS. KBR announced that it has been selected by BG Group as their Global Upstream Alliance Partner.

The six-year contract, includes an option for two two-year extensions, and will provide capability support, services (Pre-FEED and FEED) and project management services across all of BG Group's Global Upstream Portfolio.

"The alliance will provide us with access to dedicated and proven third-party expertise and resources that can be tailored to specific projects. Importantly, it will focus on enhancing BG Group's productivity and agility as we develop projects that will deliver the next phase of the company's growth," said Sami Iskander, BG Group Chief Operating Officer.

The single partner alliance will focus on BG Group's global portfolio of projects, enhancing BG Group's capacity to deliver major upstream oil and gas projects around the world. This integrated approach will capitalize on KBR's high caliber of people, knowledge and expertise and will be central to BG Group's overall delivery. KBR is a pioneer in project alliances and has delivered many successful projects in the North Sea using the alliancing model.

"We are excited about this opportunity to continue our relationship with BG Group," said Stuart Bradie, KBR President and Chief Executive Officer. "This contract will lead to work for project teams working together from offices around the world to leverage KBR's proven ability to deliver for customers in developing complex projects anywhere across the globe."

Expected revenue from this alliance will be booked as services contracts are awarded to the Engineering and Construction business segment.