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KBR Awarded FEED Contract for Sur LNG Train 4 Project

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KBR has secured a front-end engineering design (FEED) contract for the expansion of the Qalhat LNG complex in Sur, Oman. The project involves engineering services for the complex's fourth LNG train with a capacity of 3.8 million tons per annum, including the addition or expansion of utilities, an LNG tank, jetty, and associated infrastructure. The expansion aims to enhance Oman's natural gas liquefaction capacity to meet rising global energy demands while focusing on sustainable operations.

KBR ha ottenuto un contratto di progettazione ingegneristica front-end (FEED) per l'espansione del complesso Qalhat LNG a Sur, Oman. Il progetto prevede servizi di ingegneria per il quarto treno LNG del complesso, con una capacità di 3,8 milioni di tonnellate all'anno, comprensivi dell'aggiunta o dell'espansione delle utilities, di un serbatoio di LNG, di un molo e delle infrastrutture associate. L'espansione mira ad aumentare la capacità di liquefazione del gas naturale dell'Oman per soddisfare la crescente domanda energetica globale, mantenendo un focus su operazioni sostenibili.

KBR ha asegurado un contrato de diseño de ingeniería front-end (FEED) para la expansión del complejo Qalhat LNG en Sur, Omán. El proyecto incluye servicios de ingeniería para el cuarto tren de LNG del complejo, con una capacidad de 3,8 millones de toneladas anuales, que abarca la adición o expansión de utilidades, un tanque de LNG, un muelle y la infraestructura asociada. La expansión tiene como objetivo mejorar la capacidad de licuefacción de gas natural de Omán para satisfacer la creciente demanda energética mundial, al mismo tiempo que se centra en operaciones sostenibles.

KBR는 오만 수르에 있는 Qalhat LNG 복합 단지의 확장을 위한 전면 공학 설계(FEED) 계약을 체결했습니다. 이 프로젝트는 연간 380만 톤 용량의 복합 단지의 네 번째 LNG 기차에 대한 엔지니어링 서비스를 포함하며, 유틸리티, LNG 저장 탱크, 부두 및 관련 인프라의 추가 또는 확장을 포함합니다. 이번 확장은 오만의 자연 가스 액화 능력을 강화하여 증가하는 세계 에너지 수요를 충족하며, 지속 가능한 운영에 초점을 맞추고 있습니다.

KBR a obtenu un contrat de conception d'ingénierie en amont (FEED) pour l'extension du complexe Qalhat LNG à Sur, Oman. Le projet comprend des services d'ingénierie pour le quatrième train de LNG du complexe, d'une capacité de 3,8 millions de tonnes par an, y compris l'ajout ou l'extension des utilités, d'un réservoir de LNG, d'un quai et des infrastructures associées. L'expansion vise à améliorer la capacité de liquéfaction du gaz naturel d'Oman pour répondre à la demande énergétique mondiale croissante tout en mettant l'accent sur des opérations durables.

KBR hat einen Vertrag für das Front-End-Engineering-Design (FEED) zur Erweiterung des Qalhat LNG-Komplexes in Sur, Oman, gesichert. Das Projekt umfasst Ingenieurdienstleistungen für den vierten LNG-Zug des Komplexes mit einer Kapazität von 3,8 Millionen Tonnen pro Jahr, einschließlich der Ergänzung oder Erweiterung von Versorgungsanlagen, eines LNG-Tanks, eines Kai und der zugehörigen Infrastruktur. Die Erweiterung zielt darauf ab, die Flüssiggasverflüssigungskapazität Omans zu erhöhen, um der steigenden globalen Energienachfrage gerecht zu werden, und legt dabei einen Schwerpunkt auf nachhaltige Abläufe.

Positive
  • Secured new FEED contract for major LNG facility expansion in Oman
  • Project adds significant LNG capacity of 3.8 million tons per annum
  • Strengthens KBR's position in the global LNG industry
Negative
  • None.

Insights

This FEED contract win for KBR's Sur LNG Train 4 project marks a strategic expansion in Oman's LNG infrastructure. The planned 3.8 million tons per annum capacity addition represents a substantial infrastructure development that will enhance KBR's project portfolio and revenue potential. While FEED contracts typically represent 1-2% of total project value, they often lead to larger EPC contracts, positioning KBR favorably for future work.

The project's scope, including LNG tank construction, jetty expansion and utilities integration, indicates a comprehensive development that could span several years. This aligns with the growing global LNG demand, particularly from Asia and Europe and strengthens KBR's market position in the Middle East's energy infrastructure sector. The company's track record in LNG facility design and construction adds credibility to their execution capability for this complex project.

HOUSTON, Nov. 7, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today that it has been awarded a front-end engineering design (FEED) contract for the expansion of the Qalhat LNG complex in Sur, Oman. This project represents a significant step in Oman's efforts to meet rising global energy demands, while prioritizing sustainable and efficient operations.

Under the FEED contract, KBR will provide engineering services for the complex's fourth LNG train, which will have a capacity of 3.8 million tons per annum. The project will involve the addition or expansion of utilities, an LNG tank, the jetty, and associated infrastructure.

"LNG will play an increasingly vital role in the global energy mix, and we are honored to continue our collaboration with Oman on this critical project," said Jay Ibrahim, KBR President, Sustainable Technology Solutions. "By addressing the energy trilemma of security, sustainability and affordability, this project is expected to significantly contribute to Oman's energy security and sustainability goals."

KBR is a leader in the LNG industry, having designed and constructed numerous LNG production facilities around the globe. With this expansion of Oman's natural gas liquefaction capacity, KBR continues to play a pivotal role in ensuring a reliable and sustainable energy supply to meet the world's growing demands.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 30 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 project performance and future demand for our products and 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 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.

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SOURCE KBR, Inc.

FAQ

What is the capacity of KBR's new Sur LNG Train 4 project in Oman?

The fourth LNG train at the Qalhat LNG complex in Sur, Oman, will have a capacity of 3.8 million tons per annum.

What type of contract did KBR (NYSE: KBR) receive for the Sur LNG project?

KBR received a front-end engineering design (FEED) contract for the expansion of the Qalhat LNG complex in Sur, Oman.

What components are included in KBR's Sur LNG Train 4 expansion project?

The project includes the addition or expansion of utilities, an LNG tank, the jetty, and associated infrastructure at the Qalhat LNG complex.

KBR, Inc.

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