American company Kellogg Brown Root Overseas shuts down Cameroon subsidiary

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American company Kellogg Brown Root Overseas shuts down Cameroon subsidiary

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- Wednesday, 18 November 2015 18:21

(Business in Cameroon) - The Board of Kellogg Brown Root Overseas (KBR), an American engineering and construction firm operating in the oil and gas sector, has decided to dissolve its Cameroonian subsidiary, we learned from a legal notice.

The liquidation of this company was assigned to Thérèse Bikom épouse Engoulou, and the headquarters of the liquidation are located in Douala, the economic capital of Cameroon.

The departure of American KBR from Cameroon almost coincides with that of Maersk Drilling Services, specialised in supporting oil and gas companies to which it supplies high efficiency drilling services on many projects throughout the world.

These two departures come in a context of slight slowdown in oil and gas exploration in Cameroon, with the operators being more focused on the production from fields discovered during the intense exploration period which ended around 2010.

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