KBR Announces the Launch of KBR Integrity Management
HOUSTON (May 3, 2016)
KBR, Inc. (NYSE: KBR) announced today at the Offshore Technology Conference (OTC) in Houston, Texas, the launch of KBR Integrity Management (KBR IM). KBR Integrity Management differentiates itself by enabling its customers to safely achieve Operational Excellence throughout the asset lifecycle by providing practical, risk-based, holistic Integrity Management backed by KBR's technical leadership and operations experience.
"KBR IM is dedicated to Operational Excellence and we know that integrity management must be built in from the moment an opportunity is first evaluated until the final decommissioning is complete," said Graham Hill, Executive Vice President, Business Development. "This process ensures that operation and maintenance strategies inform decisions in every phase of the design, construction and operation."
This approach to Operational Excellence is a continuous improvement process that views assets at a field level, assessing risk and production impacts across every system to ensure that all aspects of Integrity Management are optimized.Ê This is based on key IM principles which KBR integrates with an operator's core philosophies to develop systems tailored to their specific needs.
"KBR is eager to introduce the full capacity of our Integrity Management capabilities to the Oil and Gas market because we believe facilities both onshore and offshore could greatly benefit from our capabilities and our proven track record of excellence," said Hill.
About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 22,000 people worldwide with customers in more than 80 countries and operations in 40 countries across three distinct global businesses:Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through subsidiaries Granherne, Energo and GVAEngineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial ServicesGovernment Services, including program management and long term annuity contracts
KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project delivery with predictable results. At KBR, we deliver.
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.
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