HOUSTON - May 22, 2014 -- KBR (NYSE: KBR) announced today it has been awarded a contract for project management consultancy (PMC) services for the construction of the advanced oil processing complex which is the part of the major renovation program of the largest operating refinery in Russia owned by JSC Gazprom Neft. The refinery is located in Omsk, Western Siberia, Russia.
KBR will provide PMC services for three new process units and offsites and utilities construction beginning with the front-end engineering and design phase and continuing through EPC, commissioning and start-up. The PMC will be executed by KBR's London and Russian Operating Centers.
"KBR appreciates Gazprom Neft's confidence in our ability to deliver PMC services for this very important refinery renovation program in Omsk" said Roy Oelking, KBR Hydrocarbons Group President. "This project reinforces KBR's position in Russia and as a leading contractor for complex project execution in remote locations."
Expected revenue from the contract will be included in the second quarter 2014 backlog of unfilled orders for the Hydrocarbons segment. The contract value was not disclosed.
About KBR
KBR is a global engineering, construction and services company supporting the energy, hydrocarbons, power, industrial, civil infrastructure, minerals, government services and commercial markets. For more information, visit www.kbr.com.
Forward Looking Statement
KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
Contact:
Investors
Zac Nagle
Vice President, Investor Relations and Communications
713-753-5082
Investors@kbr.com
Media
Richard Goins
Director, Corporate Communications
713-751-9471
Mediarelations@kbr.com
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Source: KBR, Inc. via Globenewswire
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