HOUSTON, Aug. 21, 2017 /PRNewswire/ -- KBR, Inc. (NYSE:
KBR) announced today it has been awarded a Project Management
Services (PMC) contract by OMV Offshore Abu Dhabi GmbH on behalf of
Abu Dhabi National Oil Company (ADNOC) for management of the
Front End Engineering Design (FEED) phase of the Hail & Ghasha
Development project in Abu Dhabi, United
Arab Emirates.
KBR will also perform PMC services for the Detailed Engineering
phase of the project under a contract awarded by Occidental of Abu
Dhabi Ltd. which is jointly managing the project with OMV Offshore
Abu Dhabi GmbH on behalf of ADNOC.
Under the terms of the contract, KBR will provide project
management consultancy services. This work is expected to be
performed over 24 months.
ADNOC is undertaking a project for the development of the Hail
& Ghasha Gas Field in line with its objective to deliver a more
sustainable and economic gas supply by implementing a fully
integrated gas master plan that increases productivity, performance
and delivery.
The Hail & Ghasha Project, one of the largest sour gas
fields projects that ADNOC is developing, is forecast to produce
about 1 billion cubic feet of sour gas per day.
The infrastructure requirements for the Hail & Ghasha
Project include a minimum of eleven offshore artificial islands to
be designed and constructed.
"KBR is very pleased to be awarded this important project in
support of Abu Dhabi's Gas
Infrastructure Improvement Plan," said Jay
Ibrahim, KBR President, EMEA. "We look forward to the
opportunity to reestablish ourselves amongst the UAE's top Project
Management Consultants as we continue to build on KBR's long and
successful history within the ADNOC group of companies."
"This contract demonstrates KBR's ability to establish strong
local partnerships as well as our global oil and gas capabilities
for greenfield project developments in any location across the
globe," Ibrahim continued.
Revenue associated with this project was undisclosed
and will be booked into backlog of unfilled orders for KBR's
E&C Business Segment in the second half 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.