KBR Awarded Concept Definition Phase Engineering for Two Large Scale Gas FPSO's

for the Proposed Browse to North West Shelf Development

KBR, Inc. (KBR) announced today that Woodside Energy Ltd, as Operator for and on behalf of the Browse JV, has awarded KBR the Concept Definition engineering contract for the two gas FPSO facilities for the proposed Browse to North West Shelf Development, located offshore Western Australia.

Woodside has launched the engineering services contract to define all elements of the hull and topsides of two FPSOs for remote environment operations utilizing cutting edge technology. The engineering work is expected to be performed up to the end of H1 2019.

"We are delighted to be awarded the Concept Definition engineering of the two FPSO facilities delivering our operational agility in the execution of projects, strong base business and world class asset performance to the project," said Stuart Bradie, KBR President and CEO.  "KBR is uniquely positioned to offer our proven technologies, digital delivery platform and our global portfolio of expertise. Alignment and collaboration are vital in this dynamic environment and with the increase in global energy demand, we are committed to strengthening our existing relationship with Woodside."

Estimated revenue associated with this project will be booked into backlog of unfilled orders for KBR's Hydrocarbons Services Business Segment in the fourth Quarter of 2018.

Source: KBR
Date: Oct 11, 2018