KBR Secures Major Global Agreement with BP for Diverse Engineering Services

In a substantial development for the engineering and energy sectors, KBR, a prominent player listed on the NYSE under the ticker KBR, has announced the awarding of a comprehensive global agreement by BP International Limited. This agreement focuses on a wide array of Engineering, Procurement, and Construction Management (EPCM) services across both conventional and renewable energy sectors.

The contract, which spans three years with an option to extend by two additional years, will see KBR apply its expertise to both onshore and offshore projects. This includes greenfield initiatives, which are developments on greenfield sites, as well as brownfield projects, involving the reconstruction of existing facilities. The long-standing cooperation between KBR and BP, which has lasted over 70 years, is set to deepen further through this collaboration.

Jay Ibrahim, President of KBR Sustainable Technology Solutions, expressed delight in continuing the successful partnership with BP. He emphasized the commitment to safely and effectively manage high-quality projects across the diverse energy landscape, which is crucial for meeting global energy demands.

KBR has established a reputation for delivering complex projects throughout the world, and this agreement will utilize teams from various global offices, including Houston, Baku, India, Abu Dhabi, Oman, Singapore, Perth, and London. The ability to mobilize project teams capable of handling intricate projects anywhere speaks to KBR’s depth of expertise and resources.

In addition to traditional engineering services, KBR will leverage its access to market-leading licensed technology solutions to enhance the efficiency and effectiveness of its project execution. This not only reflects KBR's engineering prowess but also its commitment to innovation in service delivery, which is increasingly vital in today's fast-evolving energy sector.

Currently, KBR and BP have an overarching agreement for engineering services, highlighting KBR's critical role in supporting various projects across North America, Europe, the Middle East, and Africa. This new agreement significantly broadens the scope of work and reflects the expanding portfolio of BP as it continues venturing into both conventional and new energy initiatives.

KBR's operations are extensive, with approximately 37,000 employees providing engineering and technology solutions globally. They cater to more than 80 countries and employ operations in over 30 nations. Their focus is on delivering predictable outcomes through value-added services, technology, and long-term operational solutions.

This major agreement underscores both companies' commitment to collaborating toward a sustainable future while maximizing operational efficiencies and innovative project development. As the energy industry continues to transform, partnerships like that of KBR and BP will be pivotal in addressing contemporary energy challenges, deploying effective strategies, and nurturing a robust energy ecosystem.

For further insights about KBR and their innovative engineering solutions, visit their official website at www.kbr.com.