HOUSTON, Jan. 22,
2025 /PRNewswire/ -- KBR (NYSE: KBR) announced today
it has been awarded a contract to support sustainable production of
energy resources in Saudi Arabia
by contributing to the delivery of Saudi Aramco's Master Expansion
Program and increasing gas handling capacity at key regional
locations.
Under the contract, running through to 2028, KBR will support
work to increase and maintain maximum sustainable capacity across
the Shaybah field's four Gas-Oil Separation Plants (GOSPs), as well
as power plant and well injection facilities – helping support the
Kingdom's future energy requirements.
The project prioritizes sustainability by integrating
carbon-free energy alternatives, carbon capture, and gas
reinjection to reduce emissions, optimizing existing equipment and
GOSP plot space, and evaluating a greenfield facility to enhance
resource efficiency while supporting Saudi Aramco's 2060 net-zero
goals.
Jay Ibrahim, President KBR
Sustainable Technology Solutions, said, "We are pleased to continue
partnering with Saudi Aramco and help shape a greener future for
generations to come. This project underscores our commitment to
delivering excellence and supporting sustainable energy generation
in Saudi Arabia."
KBR's presence in Saudi Arabia
spans over four decades of impactful collaboration and partnership.
Throughout this time, KBR has played a significant role in
advancing key sectors such as energy, infrastructure and
sustainability, consistently delivering innovative solutions that
align with Saudi Arabia's
ambitious Vision 2030. This enduring relationship reflects KBR's
dedication to excellence and shared progress.
About KBR
We deliver science, technology and engineering solutions to
governments and companies around the world. KBR employs
approximately 37,000 people performing diverse, complex and
mission-critical roles in 33 countries.
KBR is proud to work with its customers across the globe to
provide technology, value-added services, and long-term operations
and maintenance services to ensure consistent delivery with
predictable results. At KBR, We Deliver.
Visit www.kbr.com.
Forward Looking Statements
The statements in this press release that are not historical
statements, including statements regarding future business
performance, customer demand and project outcomes, are
forward-looking statements within the meaning of the federal
securities laws. These statements are subject to numerous risks,
uncertainties and assumptions, 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, uncertainties and assumptions include, but are not
limited to, those set forth in the company'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, which
discuss some of the important risks, uncertainties and assumptions
that the company has identified that may affect its business,
results of operations and financial condition. Due to such risks,
uncertainties and assumptions, you are cautioned not to place undue
reliance on such forward-looking statements, which speak only as of
the date hereof. Except as required by law, the company undertakes
no obligation to revise or update publicly any forward-looking
statements for any reason.
For further information, please contact:
Investors
Jamie
DuBray
Vice President, Investor Relations
713-753-5082
Investors@kbr.com
Media
Philip
Ivy
Vice President, Global Communications and Marketing
713-753-3800
MediaRelations@kbr.com
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SOURCE KBR, Inc.
