HOUSTON, Feb. 28, 2019
/PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today it has
been awarded a pre Front End Engineering Design (Pre-FEED) contract
by Mexico Pacific Limited (MPL) for a midscale LNG liquefaction
project in Puerto Libertad on the
Pacific coast of Mexico.
Under the terms of the contract, KBR will provide a Pre-FEED and
cost estimate for the project. This work will be performed by KBR
utilizing the ConocoPhillips Optimized Cascade® technology,
leveraging the midscale LNG joint development work previously
announced by KBR.
"We are excited to be a part of this Mexico Pacific Limited LNG
project and to deliver innovative LNG technology solutions for our
customers," said Farhan Mujib, KBR
President Hydrocarbons Delivery Solutions. "We believe
midscale LNG projects have an important part to play in the global
LNG market."
The engagement continues the progress towards commercialization
for MPL. "We look forward to working with an LNG industry leader in
KBR, and continuing our efforts to provide a world class project
with best in class delivered pricing for our Asian buyers," said
Josh Loftus, President of MPL. The
contract continues a broader competitive process with FEED expected
to start mid-2019.
For more than 40 years, KBR has been recognized as a pioneer in
the LNG industry, designing and constructing one-third of the
world's LNG production.
About KBR, Inc.
KBR is a global provider of differentiated professional services
and technologies across the asset and program lifecycle within the
Government Services and Hydrocarbons sectors. KBR employs
approximately 36,000 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 lifecycle 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, 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 and gasification
- Hydrocarbons Services, 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); program management and
consulting services
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 U.S. 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.