KBR Awarded Digital Advisory Services Contract by OCI Beaumont
KBR has secured a three-year contract to deliver KBR INSITE® monitoring and advisory services for OCI's ammonia-methanol plant in Beaumont, Texas. This cloud-based service aims to enhance operational efficiency, reduce carbon emissions, and extend the plant's operating life. KBR's INSITE® will offer actionable insights, optimizing performance and safety. The company emphasizes its commitment to providing sustainable solutions globally.
- Award of a three-year contract for KBR INSITE® services enhances revenue visibility.
- KBR INSITE® aims to improve operational efficiency and sustainability, potentially leading to long-term client retention.
- Dependence on the contract's success may expose KBR to operational risks.
- Market volatility and external economic factors could impact project profitability.
HOUSTON, Sept. 23, 2021 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a three-year contract to provide KBR INSITE® monitoring and advisory services to OCI's integrated ammonia-methanol plant in Beaumont, Texas.
KBR INSITE® is a cloud-based remote plant monitoring service within KBR's Digital Sustainability Suite. By utilizing deep domain expertise, it will help diagnose operational problems, determine probable root causes, and recommend corrective actions to prevent events that could lead to unplanned shutdowns and unnecessary emissions.
"KBR INSITE aims to extend the operating life of the Beaumont plant, while helping drive carbon reduction and energy efficiency in a sustainable way. At KBR, we are fully committed to providing sustainable solutions to our clients globally, and this award from OCI is a testament of the trust that they have placed in us and our team of process experts," said Jay Ibrahim, KBR President, Sustainable Technology Solutions. "Our team will remotely monitor and evaluate the performance of OCI's ammonia-methanol production facility in Beaumont and provide timely recommendations to onsite personnel and support them in operating the plant efficiently, reliably, and safely."
KBR has a long history of designing and building end-to-end, sophisticated, digitally enabled solutions and services for our clients worldwide, including high-fidelity operator training simulators, reliability-based maintenance solutions, dynamic simulation solutions, advanced process control solutions and more. KBR's digitalization technologies and solutions enable companies to increase efficiency and productivity, reduce costs, and create opportunities for increased revenue and profitability, while deriving high availability and enhanced value from their existing assets.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 29,000 people worldwide with customers in more than 80 countries and operations in 40 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 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 significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market;; the company's ability to manage its liquidity; 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; 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; the possibility of cyber and malware attacks; 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 U.S. 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.
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SOURCE KBR, Inc.
FAQ
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