HOUSTON, Aug. 17, 2017 /PRNewswire/ -- KBR, Inc.
(NYSE: KBR) announced today it has been awarded pre-front end
engineering design (FEED) and project support services contracts by
BP for the development of the Tortue / Ahmeyim field offshore
Mauritania and Senegal.
Under KBR's global services agreement with BP, KBR has won these
new contracts to provide pre-FEED and project support covering
design of the subsea, pre-treatment floating production storage and
offloading (FPSO) facility, inshore hub/terminal, and interfaces
for floating liquefied natural gas (FLNG) for the Tortue Project.
This new work will build on the earlier concept phase work for the
development of the field already completed by KBR's subsidiary
Granherne for BP's partner, Kosmos.
"KBR is pleased to offer our world-class engineering design
expertise to continue to support this significant project from its
early stages and to help BP and its partners develop an LNG hub for
Mauritania and Senegal," said Jay
Ibrahim, KBR President, Europe, Middle
East and Africa
(EMEA). "This award confirms KBR's strategic commitment to
and builds upon our ongoing relationship with BP for engineering
services around the globe."
KBR's pre-FEED work is expected to be performed over the next
six months, with KBR supporting BP in the Optimize Stage of the
Tortue field development. The work will be executed from
KBR's London office which has
played a key role in multiple recent BP projects including the Glen
Lyon FPSO and Shah Deniz Phase II projects.
Revenue from this contract is undisclosed and will be booked
into backlog for KBR's Engineering & Construction business
segment in Q3 of 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.
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SOURCE KBR, Inc.