HOUSTON, April 8, 2019
/PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that it
has selected Baker Hughes, a GE company (NYSE: BHGE), as part of
the ongoing development of KBR's standardized mid-scale Liquefied
Natural Gas (LNG) design. The design utilizes ConocoPhillips'
(NYSE: COP) Optimized Cascade® technology as part of a broader
partnership previously announced by KBR and COP.
The mid-scale LNG facilities designed under the agreement
between KBR and BHGE will standardize around BHGE's proven gas
turbine driver technologies, featuring BHGE's LM2500+G5 and
LM6000PF gas turbines. Installed in KBR LNG facilities, these gas
turbine technologies will provide ideal power ratings, speed and
power flexibility, long maintenance intervals, and industry leading
efficiencies.
Further enhancing client value, KBR and BHGE will leverage their
unique experiences and service portfolios to provide standardized,
low CAPEX LNG solutions for grassroots and existing LNG assets.
"BHGE and KBR have a well-established 40-year history and
partnership successfully delivering LNG projects," said
Farhan Mujib, KBR President,
Hydrocarbons - Delivery Solutions. "This allows us to further
enhance our cost effective standardized approach to LNG design,
minimizing CAPEX and OPEX for our clients."
"We are delighted that KBR has selected our highly efficient and
reliable gas turbine technology as part of the development of its
standardized mid-scale LNG design," said Rod Christie, President & CEO Turbomachinery
Process & Solutions – BHGE. "We welcome the opportunity to
strategically work together with key partners like KBR, looking at
our collective solutions across the value chain to develop a more
competitive solution for customers."
For more than 40 years, KBR has been a recognized 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.