31 July 2018
DETAILS
KBR, Inc. (NYSE: KBR)
announced today it has been awarded
a reimbursable Engineering, Procurement
and Construction Management (EPCM) contract
for providing
Front End Engineering Design (FEED) services
for a 5000 MTPD world-scale methanol plant
to be located adjacent to
their existing Geismar, Louisiana facilities.
Under the terms of the contract,
KBR will work closely with Methanex
to provide FEED services
for a third methanol operating plant at the site.
The FEED work, which will be executed from
KBR's Houston Operations Center,
is expected to be completed over
the next 12 months
with Final Investment Decision expected by mid-2019.
Pending a Final Investment Decision
to proceed with the potential third plant in Geismar,
KBR will then have the opportunity
to provide detailed EPCM services for the new facility.
For more than 40 years, KBR has
designed, constructed and maintained
hundreds of petrochemical plants across the globe.
Estimated revenue associated with this project
will be booked into backlog of unfilled orders
for KBR's Hydrocarbons Services Business Segment
in Q3 2018.
Farhan Mujib,
President, Hydrocarbons Services Americas
"This significant award demonstrates
KBR's integrated engineering, procurement
and construction management offerings,
from the front end engineering, through project completion,"
"The award of this project demonstrates
KBR's strength and capabilities
in Gas Monetization projects.
I am delighted for this opportunity
to further KBR's partnership with Methanex
and look forward to supporting Methanex
on this major potential project."
For further information, please contact:
Investors
Alison Vasquez
Interim Vice President, Investor Relations
713-753-5082
Investors@kbr.com
Media
Brenna Hapes
External Global Communications
713-753-3800
Mediarelations@kbr.com
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