KBR Awarded Engineering and Procurement Services Contract for Manatee Project
Rhea-AI Summary
KBR (NYSE: KBR) has been awarded an engineering and procurement services contract for the Beachfield Manatee upgrade, part of Shell's Manatee gas field project in Trinidad and Tobago. This follows KBR's successful delivery of front-end engineering design for the entire Manatee project.
The Manatee gas field, located in the East Coast Marine Area, supports global energy security and natural gas production, providing gas for the country's Atlantic LNG facility. KBR's involvement underscores its strong presence in the LNG market and its commitment to supporting clients in the energy transition, with gas playing a key role in the energy mix.
Jay Ibrahim, President of Sustainable Technology Solutions at KBR, emphasized the company's capabilities in energy security and its role in providing reliable natural resources to meet long-term energy needs while supporting the energy transition.
Positive
- Awarded engineering and procurement services contract for Shell's Manatee project
- Successful completion of front-end engineering design for the entire Manatee project
- Strengthens KBR's presence in the LNG market
- Supports global energy security and natural gas production
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, KBR gained 0.55%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Under the terms of the contract, KBR will provide engineering and procurement services for Shell's Manatee project located in the East Coast Marine Area of
The award follows recently completed contracts under which KBR successfully delivered the front-end engineering design as an integrated member of Shell's development team across the whole of the Manatee project.
"We are thrilled to be a key contributor to Shell's Manatee project and continue our substantial presence in the LNG market," said Jay Ibrahim, President Sustainable Technology Solutions. "This win highlights KBR's strong energy security capabilities that support our clients' goals of providing reliable and accessible natural resources that meet the world's long-term energy needs and support energy transition."
KBR has designed and delivered LNG projects worldwide and is committed to helping its clients navigate the energy transition, which includes gas as a key part of the energy mix.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 people performing diverse, complex and mission-critical roles in 33 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 future contractual performance and demand for our services, 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
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SOURCE KBR, Inc.
FAQ
What contract has KBR (NYSE: KBR) been awarded for the Manatee project?
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