MOSCOW (MRC) --KBR, Inc. announced that its Saudi Arabian JV engineering operation, KBR-AMCDE, has signed an amendment to extend its existing General Engineering Services Plus Contract with Saudi Aramco, said the company on its site.
Under the terms of the contract, KBR will provide front-end engineering design, detailed design, material procurement, and project management services (PMS) to support Saudi Aramco's capital programs in Saudi Arabia. This amendment will extend the contract from an initial five years for a further five years with options for additional extensions.
The contract will be executed by KBR-AMCDE using resources located within its Saudi Arabia offices and focus on the development and utilization of local talent throughout the execution phases.
"We are proud to extend our contract with Saudi Aramco and look forward to the successful execution of future projects," said Jay Ibrahim, President - Europe, Middle East and Africa (EMEA).
Revenue associated with this project was undisclosed and will be booked into backlog of unfilled orders for KBR's Engineering & Construction Business Segment as purchase orders are issued under the contract.
As MRC informed earlier, British oilfield services company Petrofac and Spain's Tecnicas Reunidas are likely to win contracts to build projects for state oil giant Saudi Aramco's Uthmaniyah and Ras Tanura plants. Tecnicas Reunidas is the lowest bidder to build units for a cleaner fuels project at Ras Tanura refinery, originally estimated to cost more than USD2 B, aimed at removing sulfur from refined oil products.
Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national oil and natural gas company based in Dhahran, Saudi Arabia. Saudi Aramco's value has been estimated at up to USD10 trillion in the Financial Times, making it the world's most valuable company. Saudi Aramco has both the largest proven crude oil reserves, at more than 260 billion barrels, and largest daily oil production.
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