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Stock Market & Financial Investment News

News Breaks
December 26, 2012
16:19 EDTKBRKBR, AYTB awarded long-term contract for SATORP refinery, valued at $140M-$170M
KBR and AYTB announced that they have signed a seven-year contract to provide refinery maintenance services for the Saudi Aramco Total Refining and Petrochemical Company, or SATORP, at a new 400,000 bpd refinery in Jubail, Saudi Arabia. The refinery represents both a major investment by SATORP, and - as a single construction effort - a unique technical challenge due to its world-class scale and complexity. The contract value is in the approximate range between $140M-$170M, depending on services. Production is expected to commence in 2013. KBR, through a joint venture with Jubail-based AYTB, will deliver full-service maintenance services at the SATORP refinery. Deliverables under the contract include overall site management and field supervision of a craft workforce covering all mechanical, electrical and instrumentation disciplines. KBR and AYTB will also provide detailed planning and scheduling services, execution of preventive and predictive maintenance programs, management of subcontractor activities and procurement of tools and equipment. Additional services include the development, in partnership with SATORP, of reliability and cost optimization programs.
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October 16, 2014
08:39 EDTKBRKBR Daewoo Consortium wins FLNG FEED contract
KBR announced that the KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering, has been awarded a front end engineering design, or FEED, contract by Eni East Africa SpA for a floating liquefied natural gas, or FLNG, facility for the Coral South Development Project located in Mozambique. With the award, the KD consortium will be one of three consortia competing for the engineering, procurement, construction, installation and commissioning contract to build the new floating LNG facility for Eni East Africa and its partners to develop the hydrocarbon discovery in the Rovuma Basin in Mozambique.

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