KBR, Inc. |
KBR |
| KBR, Inc. (KBR) |
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| NYSE:KBR |
Last Trade: Thursday, August 05, 2010 @ 4:15:10 PM |
| Last Price: 23.19 |
Change: ($-0.64 -2.6857%) |
| Open: |
23.59 |
Prev. Close: |
23.83 |
| Day's High: |
23.99 |
Low: |
23.15 |
| 52-Week High: |
45.24 |
52-Week Low: |
19.66 |
| Bid: |
23.07 / 100 |
Ask: |
23.34 / 100 |
| Volume: |
1,636,150 |
Outstanding: |
169,421,587 |
| Market cap: |
$5 B
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| Click here for KBR, Inc. KBR stock quote and more press releases |
KBR Awarded Two Contracts for Engineering Services by Sasol Technology (Pty) Ltd.
KBR ( KBR) today announced that it has been awarded two contracts by
Sasol Technology (Pty) Ltd., to provide, respectively, engineering,
procurement and construction management (EPCm) services, and basic
engineering services for two of its petrochemical projects in Sasolburg,
South Africa. The contracts total approximately US$2.7 million and work
is expected to begin immediately.
Under the first contract, KBR will provide EPCm services, including
project management, time control, and cost and quality control for
Sasol’s High Sulphur Diesel project. The goal is to enable Sasol to meet
its local growth, sustainability and environmental requirements through
the successful execution of the contract. This award follows KBR’s
completion of the basic engineering phase of the project.
Under the second contract, KBR will provide conceptual design for
Sasol’s PVC (poly vinyl chloride) Closed Reactor Technology Plant,
revamping and converting the existing open reactor technology to closed
reactor technology. The scope of work includes modifications to the
conning towers of the reactors, automatic catalyst and chemical dosing
systems, and the design of an automatic reactor cleaning system.
“KBR is honored to be selected by Sasol as the contractor of choice for
these two important petrochemical projects in South Africa,” said John
Quinn, President, KBR Downstream. “For nearly a decade, KBR has been
committed to delivering premier engineering services to Sasol, and I am
confident we will continue to provide the expertise and high quality
service Sasol has come to expect from KBR.”
KBR is a global engineering, construction and services company
supporting the energy, petrochemicals, government services and civil
infrastructure sectors. The company offers a wide range of services
through its Downstream, Government and Infrastructure, Services,
Technology, Upstream and Ventures business segments. For more
information, visit www.kbr.com.
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