KBR Awarded Statoil Global Master Services Agreement
(Thomson Reuters ONE) -
HOUSTON - October 23, 2014 - KBR, Inc. (NYSE: KBR) announced today it has been
awarded a three-year master services agreement (MSA) with Statoil Petroleum AS
(Statoil) to provide engineering and procurement services for Statoil on a
global scale.
This agreement builds upon a long-term relationship between KBR and Statoil and
provides Statoil access to KBR's engineering expertise and capacity for their
upcoming international field developments.
"We are very excited as this is a great opportunity to provide value-added
support services to Statoil's projects globally," said Stuart Bradie, KBR
President and CEO. "This award highlights Statoil's confidence in KBR's
capabilities to deliver in multiple engineering discipline areas across a
variety of projects."
Additionally, the MSA will allow KBR to competitively bid on global services
relating to concept studies, front end engineering design (FEED), detailed
engineering and procurement services and general management assistance (EPCM) in
connection with Statoil projects, both onshore and offshore. The MSA has an
option to renew every three years for a total of 12 years.
Revenue will be booked to the Hydrocarbons business segment as work orders are
awarded against the MSA.
About KBR
KBR is a global engineering, construction and services company supporting the
energy, hydrocarbons, power, industrial, civil infrastructure, minerals,
government services and commercial markets. For more information, visit
www.kbr.com
Forward Looking Statement
The statements in this press release that are not historical statements,
including statements regarding future financial performance and backlog
information, 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/A, 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.
Contact:
Investors
Zac Nagle
Vice President, Investor Relations and Communications
713-753-5082
Investors(at)kbr.com
Media
Richard Goins
Director, Corporate Communications
713-751-9471
Mediarelations(at)kbr.com
###
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: KBR, Inc. via GlobeNewswire
[HUG#1864967]
Unternehmensinformation / Kurzprofil:
Datum: 23.10.2014 - 15:05 Uhr
Sprache: Deutsch
News-ID 346504
Anzahl Zeichen: 5170
contact information:
Town:
HOUSTON
Kategorie:
Business News
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