HOUSTON, April 19, 2017 /PRNewswire/ -- KBR, Inc. (NYSE:
KBR) announced today it has been awarded a contract by PT Chevron
Pacific Indonesia for engineering, project and construction
management services for Chevron's operating fields in Sumatra, Indonesia. The five year contract
will be executed through a consortium formed between KBR and its
Indonesian partner, PT Singgar Mulia Engineering Consultants.
As part of the consortium, KBR's project scope includes project
and portfolio management, engineering design and construction
management for Chevron's hydrocarbon production surface facilities
at the Minas, Duri and Dumai fields in Sumatra, Indonesia. The consortium will
provide in-country services to manage daily operational activities
for Chevron's production facilities; including providing local and
global personnel, tools and procedures, best work practices and
processes, as well as establishing and maintaining infrastructure
and providing health, environment and safety training to the
workforce. Through this project, the consortium will conduct
training programs to help the local work community develop
essential skills for current and future employees on these
projects.
"KBR is pleased with the opportunity to continue our sustained
relationship with Chevron by providing our expertise, best
practices and knowledge in engineering, program management and
construction management to oversee Chevron's field production
activities in Indonesia, where we
have a substantial presence," said Stuart
Bradie, KBR President & CEO. "This contract demonstrates
KBR's ability to establish strong local partnerships as well as our
global oil and gas capabilities for new and brownfield project
developments in any location across the globe."
"Moreover, this long term operational support services contract
furthers KBR's strategic objective of growing the operating
expenditure-facing portion of our business," Bradie continued.
With more than 70 years' experience developing projects for the
upstream oil & gas industry, KBR excels in providing
comprehensive, sustainable and integrated solutions that help
customers minimize risk and deliver successful projects across
the globe. KBR's proven track record of delivering quality
engineering, program management, procurement and construction
provides top quality services to clients.
Revenue associated with this project was undisclosed and will be
booked into backlog of unfilled orders for KBR's Engineering &
Construction Business Segment in Q2 2017.
About KBR, Inc.
KBR is a global provider of differentiated professional services
and technologies across the asset and program life cycle within the
Government Services and Hydrocarbons sectors. KBR employs over
34,000 people worldwide (including our joint ventures), with
customers in more than 80 countries, and operations in 40
countries, across three synergistic global businesses:
- Government Services, serving government customers globally,
including capabilities that cover the full life-cycle of defense,
space, aviation and other government programs and missions from
research and development, through systems engineering, test and
evaluation, program management, to operations, maintenance, and
field logistics
- Technology & Consulting, including proprietary technology
focused on the monetization of hydrocarbons (especially natural gas
and natural gas liquids) in ethylene and petrochemicals; ammonia,
nitric acid and fertilizers; oil refining; gasification; oil and
gas consulting; integrity management; naval architecture and
proprietary hulls; and downstream consulting
- Engineering & Construction, including onshore oil and gas;
LNG (liquefaction and regasification)/GTL; oil refining;
petrochemicals; chemicals; fertilizers; differentiated EPC;
maintenance services (Brown & Root Industrial Services);
offshore oil and gas (shallow-water, deep-water, subsea); floating
solutions (FPU, FPSO, FLNG & FSRU) and program management
KBR is proud to work with its customers across the globe to
provide technology, value-added services, integrated EPC delivery
and long term operations and maintenance services to ensure
consistent delivery with predictable results. At KBR, We
Deliver.
Visit www.kbr.com
Forward Looking Statement
The statements in this press release that are not historical
statements, including statements regarding future financial
performance, are forward-looking statements within the meaning of
the federal securities laws. These statements are subject to
numerous risks and uncertainties, many of which are beyond the
company's control that could cause actual results to differ
materially from the results expressed or implied by the statements.
These risks and uncertainties include, but are not limited to: the
outcome of and the publicity surrounding audits and investigations
by domestic and foreign government agencies and legislative bodies;
potential adverse proceedings by such agencies and potential
adverse results and consequences from such proceedings; the scope
and enforceability of the company's indemnities from its former
parent; changes in capital spending by the company's customers; the
company's ability to obtain contracts from existing and new
customers and perform under those contracts; structural changes in
the industries in which the company operates; escalating costs
associated with and the performance of fixed-fee projects and the
company's ability to control its cost under its contracts; claims
negotiations and contract disputes with the company's customers;
changes in the demand for or price of oil and/or natural gas;
protection of intellectual property rights; compliance with
environmental laws; changes in government regulations and
regulatory requirements; compliance with laws related to income
taxes; unsettled political conditions, war and the effects of
terrorism; foreign operations and foreign exchange rates and
controls; the development and installation of financial systems;
increased competition for employees; the ability to successfully
complete and integrate acquisitions; and operations of joint
ventures, including joint ventures that are not controlled by the
company.
KBR's most recently filed Annual Report on Form 10-K, any
subsequent Form 10-Qs and 8-Ks, and other Securities and Exchange
Commission filings discuss some of the important risk factors that
KBR has identified that may affect the business, results of
operations and financial condition. Except as required by law, KBR
undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
For further information, please contact:
Investors
Nelson
Rowe
Senior Vice President, Investor Relations
713-753-5082
Investors@kbr.com
Media
Marit Babin
Stout
Vice President, Global Communications & Government
Relations
713-753-3800
Mediarelations@kbr.com
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SOURCE KBR, Inc.