HOUSTON – (April 12, 2018) – KBR, Inc. (NYSE: KBR) announced today that it has been awarded a license and engineering (LBED) contract by ENAP Refinerías SA (ENAP) to utilize KBR's ROSE® solvent deasphalting technology at their Bío Bío refinery in Concepcion, Chile.
Under the terms of the contract, KBR will provide technology licensing and basic engineering design (LBED) for ENAP's upcoming refinery upgrading project in Concepcion. ENAP will be using KBR's proprietary ROSE® solvent deasphalting technology for their 30,000 BPSD plant.
The ROSE® unit will split residue from a mix of crude oils into deasphalted oil (DAO) and asphaltene, allowing the refinery to upgrade a larger proportion of its oil intake into high-grade products. The new unit will not change the refinery's total processing capacity but will allow a different product mix and will give the refinery more flexibility to respond to market developments and reduce the environmental footprint of its products.
"We are pleased that KBR's world-leading ROSE® technology was selected by ENAP for its integrated refinery complex in Chile," said John Derbyshire, President, KBR Technology. "We understand the importance of this project to ENAP and are confident we will further enhance their overall refinery performance and competitiveness."
KBR is a global leader in residue upgrading technologies for refineries and has been involved in the licensing, design, engineering, and/or construction of more than 60 ROSE® units worldwide with a combined capacity of over 1.5 million barrels per day.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:
- Government Services, serving government customers globally, including capabilities that cover the full life-cycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
- Technology & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting
- Engineering & Construction, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU) and program management
KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
ENAP is a key public actor for Chile's energy development and the territories in which it operates. It has three Business Lines: Exploration and Production (E&P); Refining and Commercialization (R&C); and Gas and Energy (G&E). Its operations include assets in Chile, Ecuador, Argentina, and Egypt. With about 3,700 workers in different countries, its goal is to have teams committed to safety, efficiency, and sustainability in the countries where it operates.
Forward Looking Statement
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, 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 and uncertainties include, but are not limited to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
For further information, please contact:
Senior Vice President, Investor Relations
External Global Communications