KBR gets extension of General Engineering Services contract with Saudi Aramco
KBR announced that its Saudi Arabian joint venture engineering operation, KBR-AMCDE, has signed an amendment to extend its existing General Engineering Services Plus Contract with Saudi Aramco. Under the terms of the contract, KBR will provide front-end engineering design, detailed design, material procurement, and project management services to support Saudi Aramco's capital programs in Saudi Arabia. This amendment will extend the contract from an initial five years for a further five years with options for additional extensions. The contract will be executed by KBR-AMCDE using resources located within its Saudi Arabia offices and focus on the development and utilization of local talent throughout the execution phases. Revenue associated with this project was undisclosed and will be booked into backlog of unfilled orders for KBR's Engineering & Construction Business Segment as purchase orders are issued under the contract.