U.S. engineering services company KBR said it secured a contract for conceptual studies for oil field basins located in the Kazakh waters of the Caspian Sea. The North Caspian Operating Company, working on behalf of a consortium of producers, secured KBR’s services for conceptual studies and engineering work for offshore basins, including the giant Kashagan oil field. “Our Caspian team is excited to provide fresh and cost effective ideas to NCOC with a commitment of maximizing local content,” Jay Ibrahim, KBR’s regional president, said in a statement . Production at Kashagan, which holds an estimated 16 billion barrels of oil, was halted in October 2013, less than a month after it started, when a pipeline associated with the […]