KBR Awarded Engineering and Procurement Services Contract for Manatee Project
KBR (NYSE: KBR) has been awarded an engineering and procurement services contract for the Beachfield Manatee upgrade, part of Shell's Manatee gas field project in Trinidad and Tobago. This follows KBR's successful delivery of front-end engineering design for the entire Manatee project.
The Manatee gas field, located in the East Coast Marine Area, supports global energy security and natural gas production, providing gas for the country's Atlantic LNG facility. KBR's involvement underscores its strong presence in the LNG market and its commitment to supporting clients in the energy transition, with gas playing a key role in the energy mix.
Jay Ibrahim, President of Sustainable Technology Solutions at KBR, emphasized the company's capabilities in energy security and its role in providing reliable natural resources to meet long-term energy needs while supporting the energy transition.
KBR (NYSE: KBR) ha ricevuto un contratto per servizi di ingegneria e approvvigionamento per l'aggiornamento di Beachfield Manatee, parte del progetto del giacimento di gas Manatee di Shell a Trinidad e Tobago. Questo segue la riuscita consegna da parte di KBR del design dell'ingegneria front-end per l'intero progetto Manatee.
Il giacimento di gas Manatee, situato nella East Coast Marine Area, sostiene la sicurezza energetica globale e la produzione di gas naturale, fornendo gas per l'impianto Atlantic LNG del Paese. Il coinvolgimento di KBR sottolinea la sua forte presenza nel mercato del LNG e il suo impegno nel supportare i clienti nella transizione energetica, con il gas che gioca un ruolo chiave nel mix energetico.
Jay Ibrahim, Presidente delle Soluzioni di Tecnologia Sostenibile presso KBR, ha sottolineato le capacità dell'azienda nella sicurezza energetica e il suo ruolo nel fornire risorse naturali affidabili per soddisfare le esigenze energetiche a lungo termine, supportando nel contempo la transizione energetica.
KBR (NYSE: KBR) ha sido adjudicada un contrato de servicios de ingeniería y aprovisionamiento para la actualización de Beachfield Manatee, parte del proyecto de campo de gas Manatee de Shell en Trinidad y Tobago. Esto sigue a la exitosa entrega por parte de KBR del diseño de ingeniería inicial para todo el proyecto Manatee.
El campo de gas Manatee, ubicado en el Área Marina de la Costa Este, apoya la seguridad energética global y la producción de gas natural, proporcionando gas para la planta Atlantic LNG del país. La participación de KBR subraya su fuerte presencia en el mercado de LNG y su compromiso de apoyar a los clientes en la transición energética, con el gas desempeñando un papel clave en la matriz energética.
Jay Ibrahim, Presidente de Soluciones de Tecnología Sostenible en KBR, enfatizó las capacidades de la empresa en seguridad energética y su papel en proporcionar recursos naturales confiables para satisfacer las necesidades energéticas a largo plazo mientras apoya la transición energética.
KBR (NYSE: KBR)는 트리니다드 토바고의 셸 맨티 가스전 프로젝트의 일환으로 비치필드 맨티 업그레이드에 대한 엔지니어링 및 조달 서비스 계약을 체결했습니다. 이는 KBR이 전체 맨티 프로젝트에 대한 프론트엔드 엔지니어링 설계를 성공적으로 완료한 것에 따른 것입니다.
동해안 해양 지역에 위치한 맨티 가스전은 글로벌 에너지 안보와 천연가스 생산을 지원하고 있으며, 국가의 아틀란틱 LNG 시설에 가스를 제공합니다. KBR의 참여는 LNG 시장에서의 강력한 입지를 강조하며, 에너지 믹스에서 가스가 중요한 역할을 하는 에너지 전환 지원에 대한 고객에 대한 헌신을 보여줍니다.
KBR의 지속 가능한 기술 솔루션 책임자인 제이 이브라힘은 에너지 안보 분야에서 회사의 역량과 장기적인 에너지 수요를 충족하기 위해 신뢰할 수 있는 천연 자원을 제공하면서 에너지 전환을 지원하는 역할을 강조했습니다.
KBR (NYSE: KBR) a été
Le champ gazier Manatee, situé dans la zone marine de la côte est, soutient la sécurité énergétique mondiale et la production de gaz naturel, fournissant du gaz à l’installation Atlantic LNG du pays. L’implication de KBR souligne sa forte présence sur le marché du LNG et son engagement à soutenir ses clients dans la transition énergétique, le gaz occupant une place clé dans le mix énergétique.
Jay Ibrahim, président des Solutions Technologiques Durables chez KBR, a souligné les capacités de l’entreprise en matière de sécurité énergétique et son rôle dans la fourniture de ressources naturelles fiables pour répondre aux besoins énergétiques à long terme tout en soutenant la transition énergétique.
KBR (NYSE: KBR) hat einen Vertrag über Ingenieur- und Beschaffungsdienstleistungen für das Beachfield Manatee-Upgrade erhalten, das Teil des Gasfeldprojekts Manatee von Shell in Trinidad und Tobago ist. Dies folgt auf die erfolgreiche Bereitstellung des Front-End-Engineering-Designs für das gesamte Manatee-Projekt durch KBR.
Das Gasfeld Manatee, das sich im Bereich der Ostküste Marine befindet, unterstützt die globale Energiesicherheit und die Produktion von Erdgas und versorgt die LNG-Anlage Atlantic LNG des Landes mit Gas. KBRs Engagement unterstreicht seine starke Präsenz auf dem LNG-Markt und sein Engagement, Kunden beim Übergang zur Energieversorgung zu unterstützen, wobei Erdgas eine wesentliche Rolle im Energiemix spielt.
Jay Ibrahim, Präsident der Abteilung für nachhaltige Technologielösungen bei KBR, betonte die Fähigkeiten des Unternehmens im Bereich der Energiesicherheit und seinen Beitrag zur Bereitstellung zuverlässiger natürlicher Ressourcen zur Deckung langfristiger Energiebedürfnisse, während gleichzeitig der Übergang zu nachhaltiger Energie unterstützt wird.
- Awarded engineering and procurement services contract for Shell's Manatee project
- Successful completion of front-end engineering design for the entire Manatee project
- Strengthens KBR's presence in the LNG market
- Supports global energy security and natural gas production
- None.
Insights
The Manatee project contract win for KBR is a positive development for the company, strengthening its position in the LNG and natural gas sectors. This project aligns with global energy security initiatives and supports Trinidad and Tobago's gas production capabilities.
Key points to consider:
- The contract expands KBR's involvement in the Manatee project, following their successful delivery of front-end engineering design.
- It reinforces KBR's expertise in LNG and natural gas infrastructure, potentially leading to future opportunities in the sector.
- The project contributes to energy security and supports the transition to cleaner energy sources, as natural gas is considered a bridge fuel.
For investors, this contract likely represents a stable revenue stream for KBR in the medium term. While the exact contract value isn't disclosed, engineering and procurement services for LNG projects typically involve substantial sums. This could positively impact KBR's financial performance in upcoming quarters.
Long-term, KBR's involvement in such projects enhances its competitive position in the energy transition market, potentially leading to more contracts as countries and companies invest in natural gas infrastructure to reduce reliance on coal and oil.
This contract award signals KBR's strong market position in the energy sector, particularly in LNG and natural gas projects. The company's ability to secure contracts with major players like Shell demonstrates its industry credibility and technical expertise.
From a market perspective, this development is noteworthy for several reasons:
- It showcases KBR's ability to convert front-end engineering work into larger project scopes, a positive indicator of client satisfaction and project execution capabilities.
- The focus on energy security and transition aligns with current global trends, potentially opening up more opportunities in similar projects worldwide.
- KBR's involvement in projects supporting LNG facilities positions them well in a growing market, as global demand for LNG is expected to increase in the coming years.
Investors should view this as a positive indicator of KBR's business health and future prospects. While a single contract may not significantly move the needle for a company with a
Under the terms of the contract, KBR will provide engineering and procurement services for Shell's Manatee project located in the East Coast Marine Area of
The award follows recently completed contracts under which KBR successfully delivered the front-end engineering design as an integrated member of Shell's development team across the whole of the Manatee project.
"We are thrilled to be a key contributor to Shell's Manatee project and continue our substantial presence in the LNG market," said Jay Ibrahim, President Sustainable Technology Solutions. "This win highlights KBR's strong energy security capabilities that support our clients' goals of providing reliable and accessible natural resources that meet the world's long-term energy needs and support energy transition."
KBR has designed and delivered LNG projects worldwide and is committed to helping its clients navigate the energy transition, which includes gas as a key part of the energy mix.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 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 contractual performance and demand for our services, 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
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SOURCE KBR, Inc.
FAQ
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