KBR Awarded FEED Contract for Sur LNG Train 4 Project

Rhea-AI Summary

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.

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.

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.