KBR sets up Malaysian joint venture
U.S.-based KBR has signed a joint venture agreement with engineering solutions provider BIV Builders for a long-term joint venture based in Kuala Lumpur, Malaysia. The joint venture will be known as KBIV.
KBR’s experience and differentiated professional services and project delivery, coupled with BIV Builders’ resources, ensures that the joint venture will deliver innovative and competitive engineering, project delivery and asset program management solutions, KBR said in a statement on Wednesday.
By also utilizing the services of KBR’s subsidiary Granherne, the KBIV joint venture can service the full spectrum of the hydrocarbons life-cycle in both the Malaysian domestic market as well as highly selective regional opportunities, from field development planning, through engineering, to project delivery and asset services.
“Our customers expect us to work locally and draw on our global resources and systems to deliver innovative and technologically superior solutions; the establishment of KBIV is our delivery vehicle to achieve this ‘think local, work global’ mindset and we are excited to be re-establishing operations in Malaysia,” said Greg Conlon – President KBR – APAC.
“KBR has a proud history operating in South East Asia for more than 50 years; the KBIV joint venture demonstrates KBR’s commitment to the region and our recognition of the importance of being close to our customers and partners,” Conlon continued.