HOUSTON, April 12, 2018 /PRNewswire/ -- KBR, Inc. (NYSE:
KBR) announced today that it has been awarded a license and
engineering (LBED) contract by ENAP Refinerías SA (ENAP) to utilize
KBR's ROSE® solvent deasphalting technology at their Bío
Bío refinery in Concepcion,
Chile.
Under the terms of the contract, KBR will provide technology
licensing and basic engineering design (LBED) for ENAP's upcoming
refinery upgrading project in Concepcion. ENAP will be using KBR's
proprietary ROSE® solvent deasphalting technology for
their 30,000 BPSD plant.
The ROSE® unit will split residue from a mix of crude
oils into deasphalted oil (DAO) and asphaltene, allowing the
refinery to upgrade a larger proportion of its oil intake into
high-grade products. The new unit will not change the refinery's
total processing capacity but will allow a different product mix
and will give the refinery more flexibility to respond to market
developments and reduce the environmental footprint of its
products.
"We are pleased that KBR's world-leading ROSE®
technology was selected by ENAP for its integrated refinery complex
in Chile," said John Derbyshire, President, KBR Technology. "We
understand the importance of this project to ENAP and are confident
we will further enhance their overall refinery performance and
competitiveness."
KBR is a global leader in residue upgrading technologies for
refineries and has been involved in the licensing, design,
engineering, and/or construction of more than 60 ROSE®
units worldwide with a combined capacity of over 1.5 million
barrels per day.
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
approximately 34,000 people worldwide (including our joint
ventures), with customers in more than 75 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
About ENAP
ENAP is a key public actor for Chile's energy development and the territories
in which it operates. It has three Business Lines: Exploration and
Production (E&P); Refining and Commercialization (R&C); and
Gas and Energy (G&E). Its operations include assets in
Chile, Ecuador, Argentina, and Egypt. With about 3,700 workers in different
countries, its goal is to have teams committed to safety,
efficiency, and sustainability in the countries where it
operates.
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.