KBR Secures Two-Year Renewal of EPCM Contract with Basra Oil Company for the Majnoon Oil Field in Iraq
KBR (NYSE: KBR) has secured a two-year renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company (BOC) for the Majnoon Oil Field in Iraq. The contract extension will enable KBR to continue providing comprehensive EPCM services to maintain production capacity and enhance operational efficiency.
The renewed partnership focuses on maximizing local content, improving safety measures, and supporting Iraq's national energy strategy. KBR's team in Iraq includes a significant number of local professionals working at the Majnoon site and regional hubs, contributing to the Growth II Program implementation.
KBR (NYSE: KBR) ha ottenuto il rinnovo biennale del contratto di ingegneria, approvvigionamento e gestione della costruzione (EPCM) con la Basra Oil Company (BOC) per il giacimento petrolifero di Majnoon in Iraq. Questa estensione contrattuale permetter脿 a KBR di continuare a fornire servizi EPCM completi per mantenere la capacit脿 produttiva e migliorare l'efficienza operativa.
La partnership rinnovata si concentra su massimizzare il contenuto locale, migliorare le misure di sicurezza e supportare la strategia energetica nazionale dell'Iraq. Il team di KBR in Iraq comprende un numero significativo di professionisti locali che operano nel sito di Majnoon e nei centri regionali, contribuendo all'implementazione del Programma Growth II.
KBR (NYSE: KBR) ha asegurado una renovaci贸n de dos a帽os de su contrato de ingenier铆a, adquisiciones y gesti贸n de construcci贸n (EPCM) con la Basra Oil Company (BOC) para el campo petrolero Majnoon en Irak. La extensi贸n del contrato permitir谩 a KBR continuar brindando servicios EPCM integrales para mantener la capacidad de producci贸n y mejorar la eficiencia operativa.
La asociaci贸n renovada se centra en maximizar el contenido local, mejorar las medidas de seguridad y apoyar la estrategia energ茅tica nacional de Irak. El equipo de KBR en Irak incluye un n煤mero significativo de profesionales locales que trabajan en el sitio de Majnoon y en centros regionales, contribuyendo a la implementaci贸n del Programa Growth II.
KBR (NYSE: KBR)電� 鞚措澕韥� 毵堨雸� 鞙犾爠鞚� Basra Oil Company (BOC)鞕�鞚� 鞐旍雼堨柎毵�, 臁半嫭 氚� 瓯挫劋 甏�毽�(EPCM) 瓿勳暯鞚� 2雲勱皠 鞐办灔頃橂姅 雿� 靹标车頄堨姷雼堧嫟. 鞚措矆 瓿勳暯 鞐办灔鞙茧 KBR鞚� 靸濎偘 電ル牓鞚� 鞙犾頃橁碃 鞖挫榿 須湪靹膘潉 頄レ儊鞁滍偆旮� 鞙勴暅 膦呿暕 EPCM 靹滊箘鞀るゼ 瓿勳啀 鞝滉车頃� 靾� 鞛堦矊 霅橃棃鞀惦媹雼�.
臧膘嫚霅� 韺岉姼雱堨嫮鞚� 順勳 旖橅厫旄� 攴闺寑頇�, 鞎堨爠 臁办箻 臧滌劆, 鞚措澕韥潣 甑皜 鞐愲剤歆� 鞝勲灥 歆�鞗愳棎 欷戩爯鞚� 霊愱碃 鞛堨姷雼堧嫟. KBR鞚� 鞚措澕韥� 韺�鞚� 毵堨雸� 順勳灔瓿� 歆�鞐� 項堧笇鞐愳劀 攴茧頃橂姅 雼れ垬鞚� 順勳 鞝勲臧�搿� 甑劚霅橃柎 Growth II 頂勲攴鸽灗 鞁ろ枆鞐� 旮办棳頃橁碃 鞛堨姷雼堧嫟.
KBR (NYSE : KBR) a obtenu le renouvellement pour deux ans de son contrat d'ing茅nierie, d'approvisionnement et de gestion de la construction (EPCM) avec la Basra Oil Company (BOC) pour le champ p茅trolier de Majnoon en Irak. Cette prolongation de contrat permettra 脿 KBR de continuer 脿 fournir des services EPCM complets afin de maintenir la capacit茅 de production et d'am茅liorer l'efficacit茅 op茅rationnelle.
Le partenariat renouvel茅 met l'accent sur la maximisation du contenu local, l'am茅lioration des mesures de s茅curit茅 et le soutien 脿 la strat茅gie 茅nerg茅tique nationale de l'Irak. L'茅quipe de KBR en Irak comprend un nombre important de professionnels locaux travaillant sur le site de Majnoon et dans les centres r茅gionaux, contribuant 脿 la mise en 艙uvre du programme Growth II.
KBR (NYSE: KBR) hat eine zweij盲hrige Verl盲ngerung seines Engineering-, Beschaffungs- und Bauleitungsvertrags (EPCM) mit der Basra Oil Company (BOC) f眉r das Majnoon-脰lfeld im Irak gesichert. Die Vertragsverl盲ngerung erm枚glicht es KBR, weiterhin umfassende EPCM-Dienstleistungen zur Aufrechterhaltung der Produktionskapazit盲t und zur Steigerung der Betriebseffizienz zu erbringen.
Die erneuerte Partnerschaft legt den Fokus auf die Maximierung des lokalen Anteils, die Verbesserung der Sicherheitsma脽nahmen und die Unterst眉tzung der nationalen Energiestrategie des Irak. Das KBR-Team im Irak umfasst eine betr盲chtliche Anzahl lokaler Fachkr盲fte, die vor Ort in Majnoon und in regionalen Zentren t盲tig sind und zur Umsetzung des Growth-II-Programms beitragen.
- Contract renewal demonstrates strong relationship with Basra Oil Company
- Strategic involvement in one of Iraq's most important oil assets
- High local employment supporting sustainable development goals
- None.
HOUSTON, July 17, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today that it has secured the renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company (BOC) for the Majnoon Oil Field for an additional two years.
Under the contract, KBR will continue to provide comprehensive EPCM services to help BOC sustain forecasted production capacity, enhance operational efficiency, maximize local content, and drive continued safety improvements.
鈥淭his contract extension is a testament to the strong working relationship between KBR and BOC, and further reinforces KBR鈥檚 ongoing commitment to Iraq鈥檚 national energy strategy and the sustainable development of the Majnoon field, one of the most strategic assets in the country,鈥� said Jay Ibrahim, President, KBR Sustainable Technology Solutions. 鈥淜BR is committed to support local development and contribute to Iraq鈥檚 long-term domestic capacity enhancement.鈥�
鈥淜BR will continue to be our strategic partner in EPCM projects in Majnoon, successfully supporting our long-term development goals and maximizing field potential through safe, efficient, and sustainable project execution,鈥� said Mr. Kadhim Kareem, CEO of the Majnoon Field at Basra Oil Company.
KBR鈥檚 team in Iraq comprises a high number of local professionals to meet the targeted percentages at the Majnoon site and other regional hubs, ensuring the seamless execution of ongoing and upcoming projects as part of the Growth II Program.
About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 38,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
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FAQ
What is the duration of KBR's renewed EPCM contract with Basra Oil Company?
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