KBR Selected As Global Upstream Alliance Partner for BG Group
(Thomson Reuters ONE) -
HOUSTON, Texas - January 30, 2015 - KBR, Inc. (NYSE:KBR) today announced that it
has been selected by BG Group as their Global Upstream Alliance Partner.
The six-year contract, includes an option for two two-year extensions, and will
provide capability support, services (Pre-FEED and FEED) and project management
services across all of BG Group's Global Upstream Portfolio.
"The alliance will provide us with access to dedicated and proven third-party
expertise and resources that can be tailored to specific projects. Importantly,
it will focus on enhancing BG Group's productivity and agility as we develop
projects that will deliver the next phase of the company's growth," said Sami
Iskander, BG Group Chief Operating Officer.
The single partner alliance will focus on BG Group's global portfolio of
projects, enhancing BG Group's capacity to deliver major upstream oil and gas
projects around the world. This integrated approach will capitalize on KBR's
high caliber of people, knowledge and expertise and will be central to BG
Group's overall delivery. KBR is a pioneer in project alliances and has
delivered many successful projects in the North Sea using the alliancing model.
"We are excited about this opportunity to continue our relationship with BG
Group," said Stuart Bradie, KBR President and Chief Executive Officer. "This
contract will lead to work for project teams working together from offices
around the world to leverage KBR's proven ability to deliver for customers in
developing complex projects anywhere across the globe."
Expected revenue from this alliance will be booked as services contracts are
awarded to the Engineering and Construction business segment.
About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction
company serving the hydrocarbons and government services industries, employing
around 27,000 people worldwide with customers in more than 70 countries and
operations in 40 countries across three distinct global businesses:
* Technology & Consulting, including proprietary technology in refining,
ethylene, ammonia and fertilizers, and gasification; and niche consulting
and know-how through Granherne/Energo and GVA
* Engineering & Construction, including Upstream Oil & Gas; LNG/GTL;
Downstream Petrochemicals and Chemicals; and differentiated EPC
* Government Services, including program management and long term annuity
contracts
KBR is proud to work with its customers across the globe to provide technology,
value-added consulting services and integrated EPC skills to ensure a consistent
project 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/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.
For further information, contact:
Investors
Zac Nagle
Vice President, Investor Relations
713-753-5082
Investors(at)kbr.com
Media
Richard Goins
Director, Communications
713-751-9471
Mediarelations(at)kbr.com
###
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GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
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#1890546]
Unternehmensinformation / Kurzprofil:
Datum: 30.01.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 368140
Anzahl Zeichen: 6448
contact information:
Town:
HOUSTON
Kategorie:
Business News
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