HOUSTON, April 13, 2017 /PRNewswire/ -- KBR, Inc.
(NYSE: KBR) announced today it has signed a multi-phase ten-year
engineering and procurement services master contract ("Master
Contract") with Chevron U.S.A.
Inc. to provide engineering and procurement services for
Chevron in multiple global locations.
The Master Contract advances the long-term relationship between
KBR and Chevron, and provides Chevron with targeted access to KBR's
globally recognized engineering and procurement capabilities.
Under the Master Contract, KBR's engineering offices in multiple
global locations may provide Chevron with engineering and
procurement services across all phases of Chevron's Major Capital
Projects program, from field development planning and conceptual
engineering, through front end engineering design, detailed
engineering and final design.
"We are delighted by this opportunity to continue to provide
value-added engineering and procurement services for Chevron's
projects," said Stuart Bradie, KBR
President and CEO. "This award furthers our long standing
relationship with Chevron and highlights their confidence in the
relationship between the two companies to deliver multiple
engineering disciplines and services across a variety of
projects."
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.
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.
For further information, please contact:
Investors
Nelson
Rowe
Senior Vice President, Investor Relations
713-753-5082
Investors@kbr.com
Media
Marit Babin
Stout
Vice President, Global Communications & Government
Relations
713-753-3800
Mediarelations@kbr.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/kbr-executes-global-master-contract-with-chevron-300439055.html
SOURCE KBR, Inc.