HOUSTON, Nov. 26, 2018 /PRNewswire/ -- KBR, Inc. (NYSE:
KBR) announced today it has been awarded a contract by Papua New Guinea's Department of
Petroleum to provide ongoing consulting, advisory and engineering services in relation to multiple new and existing energy and
resource developments located across Papua New Guinea, including upstream, LNG and downstream
sectors.
Under the terms of the agreement, KBR will provide these services utilizing strategy and technical specialists from multiple
offices including Singapore, Australia, London and Houston.
This award by the Department of Petroleum, an office of the Independent State of Papua New Guinea, is testament to KBR's
long-term strategic commitment to this promising and rapidly developing market.
"KBR is proud to help the Government of Papua New Guinea harness the full potential of their
future energy developments," said Jay Ibrahim, KBR President, Europe, Middle East and Africa and
Asia-Pacific. "We are excited to showcase our extensive expertise to help grow this key
market."
A proven leader in the consulting, engineering and construction industry with extensive history across various markets, KBR's
depth of knowledge and experience translates into providing optimized strategic solutions to meet a customer's specific needs.
This landmark partnership will enable KBR to further its ongoing commitment to providing integrated and diversified services,
expertise and capabilities to meet clients' multi-faceted requirements.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle
within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint
ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global
businesses:
- Government Services, serving government customers globally, including capabilities that cover the full lifecycle of
defense, space, aviation and other government programs and missions from research and development, through systems engineering,
test and evaluation, program management, to operations, maintenance, and field logistics
- Technology, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and
natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining and gasification
- Hydrocarbons Services, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining;
petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services);
offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU); program management
and consulting services
KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery
and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We
Deliver.
Visit www.kbr.com
Forward Looking Statement
The statements in this press release that are not historical statements, including statements regarding future financial
performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to
numerous risks and uncertainties, 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 and uncertainties include, but are not limited
to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and
legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such
proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the
company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts;
structural changes in the industries in which the company operates; escalating costs associated with and the performance of
fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes
with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property
rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws
related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign
exchange rates and controls; the development and installation of financial systems; increased competition for employees; the
ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are
not controlled by the company.
KBR'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 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.
View original content to download multimedia:http://www.prnewswire.com/news-releases/kbr-to-support-the-government-of-papua-new-guinea-300754575.html
SOURCE KBR, Inc.