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KBR Wins Key Engineering Contracts for Seatrium's FPSO Projects in Brazil

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KBR has secured engineering contracts from Seatrium Group for two new high-production, energy-efficient floating production storage and offloading (FPSO) units destined for Petrobras' Atapu and Sepia fields in Brazil's Santos Basin. KBR will provide detailed engineering services and technical support for the topsides of P-84 and P-85 FPSOs, each capable of producing 225,000 barrels of oil per day and processing 10 Mm³ of gas daily.

The FPSOs will incorporate advanced technologies to minimize environmental impact, including zero routine flaring and venting, variable speed drives, and CO2 capture measures. These features aim to significantly reduce greenhouse gas emissions compared to conventional designs.

KBR ha ottenuto contratti di ingegneria dal Seatrium Group per due nuove unità di produzione, stoccaggio e scarico flottante (FPSO) ad alta produzione e ad alta efficienza energetica destinate ai campi Atapu e Sepia di Petrobras nel Bacino di Santos in Brasile. KBR fornirà servizi di ingegneria dettagliati e supporto tecnico per le sovrastrutture delle FPSO P-84 e P-85, ciascuna in grado di produrre 225.000 barili di petrolio al giorno e di processare 10 Mm³ di gas quotidianamente.

Le FPSO integreranno tecnologie avanzate per ridurre al minimo l'impatto ambientale, inclusi zero sfiati e combustioni di routine, azionamenti a velocità variabile e misure di cattura della CO2. Queste caratteristiche mirano a ridurre significativamente le emissioni di gas serra rispetto ai progetti convenzionali.

KBR ha asegurado contratos de ingeniería del Seatrium Group para dos nuevas unidades de producción, almacenamiento y descarga flotante (FPSO) de alta producción y eficiencia energética destinadas a los campos Atapu y Sepia de Petrobras en la Cuenca de Santos en Brasil. KBR proporcionará servicios de ingeniería detallada y apoyo técnico para las partes superiores de las FPSO P-84 y P-85, cada una capaz de producir 225,000 barriles de petróleo por día y procesar 10 Mm³ de gas diariamente.

Las FPSO incorporarán tecnologías avanzadas para minimizar el impacto ambiental, incluyendo cero quema y ventilación rutinarias, accionamientos de velocidad variable y medidas de captura de CO2. Estas características tienen como objetivo reducir significativamente las emisiones de gases de efecto invernadero en comparación con los diseños convencionales.

KBRSeatrium Group으로부터 브라질 산토스 분지의 Petrobras의 두 개의 새로운 고생산, 에너지 효율적인 부유식 생산 저장 및 하역(FPSO) 장치에 대한 엔지니어링 계약을 체결했습니다. KBR은 P-84 및 P-85 FPSO의 상부 구조에 대한 상세한 엔지니어링 서비스와 기술 지원을 제공하며, 각각 일일 225,000 배럴의 원유를 생산하고 일일 10 Mm³의 가스를 처리할 수 있습니다.

FPSO는 환경 영향을 최소화하기 위해 제로 루틴 플레어 및 벤트, 가변 속도 드라이브 및 CO2 포집 조치를 포함한 첨단 기술을 통합합니다. 이러한 기능은 기존 디자인에 비해 온실가스 배출량을 크게 줄이는 것을 목표로 하고 있습니다.

KBR a sécurisé des contrats d'ingénierie avec le Seatrium Group pour deux nouvelles unités de production flottante de stockage et de déchargement (FPSO) à haute production et à haute efficacité énergétique destinées aux champs Atapu et Sepia de Petrobras dans le bassin de Santos au Brésil. KBR fournira des services d'ingénierie détaillés et un soutien technique pour les structures supérieures des FPSO P-84 et P-85, chacune capable de produire 225 000 barils de pétrole par jour et de traiter 10 Mm³ de gaz quotidiennement.

Les FPSO intégreront des technologies avancées pour minimiser l'impact environnemental, y compris zéro torchage et évent quotidien, entraînements à vitesse variable et mesures de capture du CO2. Ces caractéristiques visent à réduire considérablement les émissions de gaz à effet de serre par rapport aux conceptions conventionnelles.

KBR hat sich Ingenieurverträge von Seatrium Group für zwei neue, hochproduzierende, energieeffiziente schwimmende Produktions-, Lager- und Entladungs (FPSO)-Einheiten gesichert, die für die Felder Atapu und Sepia von Petrobras im Santos-Becken in Brasilien bestimmt sind. KBR wird detaillierte Ingenieurdienstleistungen und technische Unterstützung für die Oberkonstruktionen der P-84 und P-85 FPSOs bereitstellen, die jeweils in der Lage sind, 225.000 Barrel Öl pro Tag zu produzieren und 10 Mm³ Gas täglich zu verarbeiten.

Die FPSOs werden fortschrittliche Technologien integrieren, um die Umweltauswirkungen zu minimieren, einschließlich null routinemäßigem Fackeln und Abblasen, variablen Geschwindigkeitsantrieben und CO2-Abscheidemaßnahmen. Diese Merkmale zielen darauf ab, die Treibhausgasemissionen im Vergleich zu herkömmlichen Designs erheblich zu reduzieren.

Positive
  • KBR secured engineering contracts for two high-production FPSO units
  • Each FPSO capable of producing 225,000 barrels of oil per day
  • FPSOs designed with advanced technologies to minimize environmental impact
  • Project strengthens KBR's partnership with Seatrium Group
Negative
  • None.

Insights

This contract win for KBR is a significant development in the offshore oil and gas sector. The P-84 and P-85 FPSOs represent a new generation of platforms with impressive capabilities:

  • Production capacity: 225,000 barrels of oil per day
  • Gas handling: 10 Mm³ per day for compression, treatment and re-injection

The all-electric concept and focus on energy efficiency are game-changers for the industry. Implementing zero routine flaring, variable speed drives and CO2 capture measures will substantially reduce the environmental footprint of these operations. This aligns with the global push towards more sustainable oil and gas production methods, potentially setting new standards for future projects.

KBR's involvement in these high-profile FPSO projects for Petrobras is a strategic win. The Santos Basin is a key area for Brazil's offshore oil production and these contracts position KBR at the forefront of technological advancements in the sector. The focus on energy efficiency and reduced emissions aligns with global trends towards cleaner energy production, even within traditional fossil fuel industries. This could potentially open doors for KBR to secure similar contracts in the future, as other oil companies seek to upgrade their offshore facilities to meet stricter environmental standards and improve operational efficiency.

While the exact contract values aren't disclosed, this deal is likely to have a positive impact on KBR's financial outlook. The company's expertise in engineering design and offshore solutions positions it well in the evolving energy landscape. These contracts could lead to:

  • Increased revenue from the engineering services
  • Enhanced reputation in sustainable technology solutions
  • Potential for follow-on contracts and expanded market share

Investors should monitor KBR's upcoming financial reports to gauge the impact of these contracts on the company's bottom line and long-term growth prospects in the sustainable energy solutions sector.

HOUSTON, Sept. 5, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded engineering contracts by Seatrium Group to develop topsides facilities for two new high-production, energy-efficient floating production storage and offloading (FPSO) units. The units are being designed for Petrobras' Atapu and Sepia fields in the Santos Basin, Brazil.

Under the terms of the contracts, KBR will provide Seatrium with detailed engineering services and technical engineering procurement support for the topsides of P-84 and P-85 FPSOs, which are part of Petrobras' new generation of FPSO platforms. These platforms are known for their high production capacity and sustainable practices. Each will be capable of producing 225,000 barrels of oil per day and compressing, treating, and re-injecting 10 Mm³ of gas per day.

In line with Petrobras' all-electric concept, the design focuses on efficient power generation and optimized process plants, greatly enhancing energy efficiency. The FPSOs will also integrate advanced technologies to minimize environmental impact, including zero routine flaring and venting, variable speed drives, and CO2 capture measures, aimed at significantly reducing greenhouse gas emissions compared to a design that does not include these technologies.

"KBR is pleased to support Seatrium in the development of the P-84 and P-85 FPSOs, further strengthening our partnership and shared commitment to deliver engineering excellence and sustainability," said Jay Ibrahim, KBR President, Sustainable Technology Solutions. "KBR will ensure that these units are developed with a strong focus on enhancing operational efficiency and sustainability, thereby contributing to the industry's transition toward a more sustainable future."

KBR has been a leader in engineering design, process technology development, commercialization and offshore design solutions for more than 50 years.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 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 the performance of certain designs and technologies, 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.

For further information, please contact:

Investors
Jamie DuBray
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
MediaRelations@kbr.com 

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SOURCE KBR, Inc.

FAQ

What engineering contracts has KBR (NYSE: KBR) won for FPSO projects in Brazil?

KBR has won engineering contracts from Seatrium Group to develop topsides facilities for two new FPSO units, P-84 and P-85, for Petrobras' Atapu and Sepia fields in the Santos Basin, Brazil.

What is the production capacity of the P-84 and P-85 FPSOs KBR is engineering?

Each FPSO unit (P-84 and P-85) is capable of producing 225,000 barrels of oil per day and processing 10 Mm³ of gas daily.

How are the FPSOs designed by KBR addressing environmental concerns?

The FPSOs incorporate advanced technologies to minimize environmental impact, including zero routine flaring and venting, variable speed drives, and CO2 capture measures, aimed at significantly reducing greenhouse gas emissions.

When did KBR announce the FPSO engineering contracts for Brazil?

KBR announced the engineering contracts for the FPSO projects in Brazil on September 5, 2024.

KBR, Inc.

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