21 Aug, 2017, 05:53 ET
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.
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.
SOURCE KBR, Inc.
Share this article