May 06, 2019 [YahooFinance] – KBR, Inc. announced today it has been awarded a reimbursable Front-End Engineering Design (FEED) and Engineering, Procurement and Construction (EPC) contract by a Tier 1 International Oil Company for improvements to a Permian oil gathering and storage terminal in west Texas.

Under the terms of the contract, KBR will provide reimbursable cost FEED and EPC services to support the installation and construction of terminal facilities, not including storage tanks, to handle Permian Basin crude oil and condensate for transport to the Gulf Coast.

“We are excited to be a part of this significant project, and to continue to grow and maintain a substantial presence in the Permian Basin, one of the world’s fastest growing fields,” said Farhan Mujib, KBR President, Energy Solutions- Delivery.  “This award is indicative of KBR’s ability to execute projects safely and demonstrates the trust our clients put in KBR to deliver critical projects by deploying rapid solutions to solve their emerging challenges.”

KBR has successfully executed some of the most challenging projects around the world. Backed by 100-year legacy of engineering innovation, hands-on knowledge and technical expertise, KBR creates solutions to customers’ challenges that deliver the impossible on a daily basis.