HOUSTON, March 20, 2019 /PRNewswire/ -- KBR, Inc.
(NYSE: KBR) announced today the sail-away of the Johan Sverdrup
Utilities and Living Quarter (ULQ) Platform for Equinor (formerly
Statoil) in the North Sea.
In 2015, KBR in a joint venture with Kvaerner (K2JV), signed an
EPC contract with Equinor for the complete delivery of Utilities
and Living Quarters platform topsides in the Johan Sverdrup field
development in the Norwegian continental shelf. This is one of the
largest ULQ platforms in the world and will also serve as the field
center for the Johan Sverdrup development.
KBR's London Office, supported by its Jakarta office and Kvaerner, led the detailed
engineering, design and procurement scope for the utility module
upon signing the contract with Equinor. The accommodation module
was subcontracted as an EPC lump sum subcontract to Apply
Leirvik.
The complete topside was assembled at Kvaerner Stord with KBR
providing engineering and procurement support during the
construction and mechanical completion phase through its team
collocated at Kvaerner Stord. KBR was also actively engaged in
providing onshore commissioning assistance to Equinor to meet its
ambitious targets of onshore commissioning and early habitat of the
platform offshore.
"I am proud that KBR, working as a joint venture with Kvaerner,
has contributed to this ground breaking field development for
Equinor," said Stuart Bradie,
KBR CEO and President. "To have safely completed this project
to such high standards of quality, on time and in budget is a
testament to the highly skilled teams at KBR, Kvaerner, Leirvik and
Equinor that worked collaboratively through-out the project
execution."
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 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.