KBR Awarded FEED for Heavy Oil Program by Kuwait Oil Company

Rhea-AI Summary

KBR (NYSE: KBR) has secured a contract from Kuwait Oil Company (KOC) to provide front-end engineering design (FEED) services for Phase 1 of the Heavy Oil Program at the South Ratqa field. The project is strategically aligned with KOC's long-term vision for energy affordability and national prosperity.

The scope includes FEED and associated services, leveraging KBR's century-long expertise in designing and delivering oil and gas plants globally. Jay Ibrahim, President of KBR Sustainable Technology Solutions, emphasized the company's commitment to supporting Kuwait's energy security through innovative solutions and technical expertise.

Positive

• Contract win strengthens KBR's position in Kuwait's energy sector
• Project aligns with long-term strategic partnership with Kuwait Oil Company
• Leverages KBR's established expertise in FEED and project management

Negative

• None.

HOUSTON, July 29, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today it will provide front-end engineering design (FEED) services to Kuwait Oil Company (KOC) for Phase 1 of its heavy oil program for the South Ratqa field.

Under the terms of the contract, KBR will provide FEED and associated services for the project, which is part of KOC’s Heavy Oil Program. This project aligns with KOC’s long-term strategy and reinforces its commitment to energy affordability, national prosperity, and a sustainable future for Kuwait. KBR is proud to support this vision by providing innovative solutions and technical expertise that will help drive operational excellence.

“We are honored by KOC’s longstanding trust in KBR and are committed to support this strategic project that aims to transform the future of Kuwait’s energy security,” said Jay Ibrahim, President, KBR Sustainable Technology Solutions. “KBR’s FEED and project management capabilities have made us the preferred choice of leading global energy providers, and we continue to deliver services designed to meet the dynamic market requirements.”

For more than 100 years, KBR has provided holistic and value-added solutions across the entire asset life cycle. Our leading experts have helped design and deliver world-class oil and gas plants across the globe. 

About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 38,000 people worldwide with customers in more than 80 countries and operations in over 29 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 project outcomes and future demand for and adaptability of the company’s services in changing markets, 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 U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

For further information, please contact:

Investors
Jamie DuBray
Vice President, Investor Relations
713-753-5082
Investors@kbr.com

Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
MediaRelations@kbr.com

FAQ

What contract did KBR (NYSE: KBR) win from Kuwait Oil Company in July 2025?

KBR won a contract to provide front-end engineering design (FEED) services for Phase 1 of Kuwait Oil Company's Heavy Oil Program at the South Ratqa field.

What is the scope of KBR's FEED contract with Kuwait Oil Company?

The contract includes front-end engineering design (FEED) and associated services for Phase 1 of the Heavy Oil Program at South Ratqa field, supporting KOC's long-term energy strategy.

Who will lead KBR's Heavy Oil Program project in Kuwait?

Jay Ibrahim, President of KBR Sustainable Technology Solutions, will oversee the strategic project aimed at transforming Kuwait's energy security.

What is the significance of the KBR-Kuwait Oil Company partnership?

The partnership reinforces KOC's commitment to energy affordability, national prosperity, and sustainable future for Kuwait, while leveraging KBR's century-long expertise in oil and gas plant design and delivery.