KBR Awarded Global Agreement by BP for Engineering, Procurement and Construction Management Services
KBR has secured a global agreement with BP International for engineering, procurement and construction management (EPCM) services. The three-year contract, with a potential two-year extension option, covers both conventional and new energy sector projects worldwide, including onshore, offshore, greenfield, and brownfield developments.
The agreement builds upon KBR's 70-year relationship with BP and expands their existing engineering services partnership. Project teams will collaborate across multiple global locations, including Houston, Baku, India, Abu Dhabi, Oman, Singapore, Perth, and London. KBR has previously supported BP's projects in the U.S., North Sea, Iraq, Africa, and Azerbaijan, providing both EPCM services and licensed technology solutions.
KBR ha ottenuto un accordo globale con BP International per servizi di ingegneria, approvvigionamento e gestione della costruzione (EPCM). Il contratto triennale, con la possibilità di estensione per due anni, riguarda progetti sia nel settore energetico convenzionale che in quello delle nuove energie a livello mondiale, inclusi sviluppi onshore, offshore, greenfield e brownfield.
L'accordo si basa sulla relazione di 70 anni tra KBR e BP ed espande la loro partnership esistente nei servizi di ingegneria. I team di progetto collaboreranno in diverse località globali, tra cui Houston, Baku, India, Abu Dhabi, Oman, Singapore, Perth e Londra. KBR ha precedentemente supportato i progetti di BP negli Stati Uniti, nel Mare del Nord, in Iraq, in Africa e in Azerbaigian, fornendo sia servizi EPCM che soluzioni tecnologiche autorizzate.
KBR ha conseguido un acuerdo global con BP International para servicios de ingeniería, adquisición y gestión de construcción (EPCM). El contrato de tres años, con una opción de extensión de dos años, abarca tanto proyectos del sector energético convencional como de nuevas energías a nivel mundial, incluyendo desarrollos onshore, offshore, greenfield y brownfield.
El acuerdo se basa en la relación de 70 años entre KBR y BP y amplía su asociación existente en servicios de ingeniería. Los equipos de proyecto colaborarán en múltiples ubicaciones globales, incluyendo Houston, Bakú, India, Abu Dabi, Omán, Singapur, Perth y Londres. KBR ha respaldado anteriormente los proyectos de BP en los EE. UU., Mar del Norte, Irak, África y Azerbaiyán, proporcionando tanto servicios EPCM como soluciones tecnológicas licenciadas.
KBR는 BP International와 엔지니어링, 조달 및 건설 관리(EPCM) 서비스에 대한 글로벌 계약을 체결했습니다. 3년 계약은 2년 연장 옵션이 있으며, 전 세계의 기존 에너지 및 새로운 에너지 부문 프로젝트를 포함하여 육상, 해양, 그린필드 및 브라운필드 개발을 아우릅니다.
이번 계약은 KBR과 BP 간의 70년 관계를 바탕으로 하며 기존 엔지니어링 서비스 파트너십을 확장합니다. 프로젝트 팀은 휴스턴, 바쿠, 인도, 아부다비, 오만, 싱가포르, 퍼스, 런던 등 여러 글로벌 지역에서 협력할 것입니다. KBR은 이전에 미국, 북해, 이라크, 아프리카 및 아제르바이잔에서 BP의 프로젝트를 지원하며 EPCM 서비스와 라이센스 기술 솔루션을 제공했습니다.
KBR a conclu un accord mondial avec BP International pour des services d'ingénierie, d'approvisionnement et de gestion de la construction (EPCM). Le contrat de trois ans, avec une option de prolongation de deux ans, couvre à la fois les projets du secteur énergétique traditionnel et ceux des nouvelles énergies à l'échelle mondiale, y compris les développements onshore, offshore, greenfield et brownfield.
Cet accord s'appuie sur la relation de 70 ans entre KBR et BP et élargit leur partenariat existant dans les services d'ingénierie. Les équipes de projet collaboreront à plusieurs emplacements à l'échelle mondiale, notamment à Houston, Bakou, en Inde, à Abou Dabi, à Oman, à Singapour, à Perth et à Londres. KBR a précédemment soutenu des projets de BP aux États-Unis, en mer du Nord, en Irak, en Afrique et en Azerbaïdjan, fournissant à la fois des services EPCM et des solutions technologiques sous licence.
KBR hat einen globalen Vertrag mit BP International über Ingenieur-, Beschaffungs- und Bau-management (EPCM)-Dienste gesichert. Der dreijährige Vertrag, mit einer potenziellen Option auf eine zwei-jährige Verlängerung, umfasst sowohl konventionelle als auch neue Energieprojekte weltweit, einschließlich Onshore-, Offshore-, Greenfield- und Brownfield-Entwicklungen.
Das Abkommen baut auf der 70-jährigen Beziehung zwischen KBR und BP auf und erweitert ihre bestehende Partnerschaft im Ingenieurdienstleistungsbereich. Projektteams werden an mehreren globalen Standorten zusammenarbeiten, darunter Houston, Baku, Indien, Abu Dhabi, Oman, Singapur, Perth und London. KBR hat zuvor BP-Projekte in den USA, Nordsee, Irak, Afrika und Aserbaidschan unterstützt und sowohl EPCM-Dienste als auch lizenzierte Technologielösungen bereitgestellt.
- Secured new global EPCM services agreement with major client BP
- Contract spans 3 years with 2-year extension option
- Expansion of existing service scope to include both conventional and new energy projects
- Geographic diversification across multiple global locations
- None.
Insights
The global EPCM agreement between KBR and BP represents a major strategic expansion of an already significant partnership. The three-year contract, with a potential two-year extension, positions KBR as a key player in both BP's conventional energy operations and its transition towards new energy projects. The multi-regional scope spanning eight major global hubs signals a substantial revenue opportunity for KBR's services division.
The agreement's significance lies in its timing and scope during the energy transition period. As BP continues to balance its traditional oil & gas operations with new energy investments, KBR's technological capabilities and global presence make them an ideal partner. The inclusion of both conventional and new energy projects indicates BP's dual-track strategy, maintaining core business while advancing clean energy initiatives.
For investors, this represents a strong positive catalyst for KBR's future revenue stream. EPCM contracts typically generate steady, predictable cash flows with healthy margins. The global scale and BP's robust project pipeline suggest this could materially impact KBR's backlog and future earnings potential.
This agreement significantly strengthens KBR's market position in the energy services sector. The 70-year relationship with BP provides a stable foundation, while the expanded scope into new energy projects aligns with the global energy transition trend. The contract's structure - covering both traditional and emerging energy sectors - helps de-risk KBR's revenue stream during this transition period.
The geographical diversity of the project execution centers (Houston, Baku, India, Abu Dhabi, Oman, Singapore, Perth and London) demonstrates KBR's robust global infrastructure and ability to manage complex, multi-regional projects. This extensive network provides a competitive advantage in securing and executing large-scale international projects.
For the broader market, this deal signals continued investment in both conventional and renewable energy infrastructure, suggesting a measured rather than abrupt transition in the energy sector. The contract's potential five-year duration provides visibility into KBR's future revenue streams, a key consideration for investors evaluating the company's long-term prospects.
Under the terms of the contract, KBR will provide EPCM for onshore, offshore, greenfield and brownfield conventional energy projects and new energy sector projects worldwide for three years, with an option to extend for two additional years. Additionally, KBR provides bp with market-leading licensed technology solutions, demonstrating the depth and versatility of its capabilities.
"We are delighted to continue our 70-year successful working relationship with bp while maintaining our record of safely and effectively delivering quality projects in conventional and new energy sectors," said Jay Ibrahim, President, KBR Sustainable Technology Solutions. "This global agreement with bp will involve multiple project teams collaborating from offices in
KBR and bp currently have a global agreement in place for engineering services, under which KBR has played a key role in projects spanning the
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.
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Forward Looking Statements
The statements in this press release that are not historical statements, including statements regarding contractual performance periods, project outcomes and future demand for the company's 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.
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