KBR Extends EPCM Partnership with Basra Oil Company Today

Author: Caleb Price Updated: 07-17-2025 04:24 PM

KBR Renews Contract with Basra Oil Company

KBR (NYSE: KBR) has exciting news to share—the company has successfully secured a two-year renewal of its engineering, procurement, and construction management (EPCM) contract with Basra Oil Company for operations at the Majnoon Oil Field. This extension strengthens KBR's position in the region and reflects the confidence BOC has in KBR's capabilities.

Comprehensive Services for Enhanced Production

This contract renewal allows KBR to continue providing dedicated EPCM services critical to supporting Basra Oil Company's projected production capacity. By focusing on improving operational efficiency, maximizing local content, and promoting safety improvements, KBR aims to facilitate sustainable growth at one of Iraq's key oil assets.

Commitment to Strategic Development

Jay Ibrahim, President of KBR Sustainable Technology Solutions, expressed enthusiasm for this partnership, highlighting its significance in Iraq's national energy strategy. He stated, "This contract extension is a testament to the strong working relationship between KBR and BOC," emphasizing KBR's commitment to local development and enhancing Iraq's energy capacity.

Strategic Partnership for the Majnoon Field

Kadhim Kareem, CEO of the Majnoon Field at BOC, echoed the sentiment, stating that KBR's involvement in EPCM projects is pivotal for achieving the full potential of the Majnoon Oil Field. The collaboration is essential for long-term project goals carried out with a focus on safety and sustainability.

Local Expertise Enhancing Operations

KBR's team in Iraq is characterized by a significant number of local professionals, ensuring they meet targeted local engagement percentages at both the Majnoon site and other regional hubs. This local expertise is critical for the smooth execution of current and upcoming projects, aligning with the Growth II Program designed to foster development in the region.

About KBR's Global Reach

KBR is a major player in delivering engineering solutions and services worldwide. With approximately 38,000 employees, KBR operates across over 29 countries, working with clients in more than 80 countries. The company prides itself on providing value-added services and technology, ensuring effective operations along with predictable results through long-term partnerships.

Frequently Asked Questions

What is the significance of the KBR and BOC contract renewal?

The renewal is vital for maintaining and enhancing production at the Majnoon Oil Field, demonstrating the effective partnership and commitment to local development.

How will KBR's services impact the operations at the Majnoon Oil Field?

KBR's comprehensive EPCM services aim to boost operational efficiency and production capacity while maximizing local content and ensuring safety.

Who is leading KBR's efforts in Iraq?

Jay Ibrahim serves as President of KBR Sustainable Technology Solutions, emphasizing KBR's commitment to Iraq's energy goals.

What local initiatives does KBR support in Iraq?

KBR is dedicated to enhancing local capacity and expertise, employing many local professionals to execute projects effectively.

How does KBR ensure safety in its projects?

KBR prioritizes safety improvements in all project phases, promoting a culture of safety and sustainability across its operations.

About The Author

Hey there I'm Caleb Price, a writer and financial specialist who loves to assist others in understanding the financial world. Having years of practical experience and a solid background in finance, my area of expertise is converting difficult financial ideas into useful, doable insights for my blog and publications. My goal with my writing is to give readers the information and assurance they need to successfully negotiate their financial journeys.

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