Apr 6 2010
KBR (NYSE: KBR) - today announced that it has acquired Houston-based Energo Engineering. Energo provides Integrity Management (IM) and advanced structural engineering services to the offshore oil and gas industry. Energo will be integrated into KBR’s Granherne subsidiary, which will enable that business to expand its capabilities worldwide as well as support FEED and detailed design projects.
“The acquisition of Energo Engineering is an important step in recognizing the increased demand for competent integrity management of offshore assets,” said Roy Oelking, KBR President Oil and Gas. “By integrating Energo into Granherne’s business, we are creating expanded market opportunities which reaffirm KBR’s commitment to the oil and gas market worldwide.”
“This acquisition is a strategic addition to KBR’s Granherne business. The resource pools of Granherne and Energo are complementary and we believe the partnership between the two companies will result in a wider and more attractive offering to our clients,” said Richard D’Souza, Vice President, Granherne Global Operations.
“Operationally, Energo’s integrity management group complements Granherne’s floating and fixed structures engineering capabilities such that as one company we can now provide a “complete” structural integrity management (SIM) package to clients using a single point contact and a single contract,” said Engero President Frank Puskar.
Energo’s advanced structural engineering capabilities include services such as specialty hurricane, earthquake, ultimate strength and blast analysis and design. Energo’s offshore industry work provides these services to most of the major offshore oil and gas operators as well as many of the independent US operators. Some key regions of the world where Energo has ongoing projects include the Gulf of Mexico, US West Coast, Trinidad, West Africa, Russia (Sakhalin Area) and Western Australia.
Source: http://www.kbr.com