KBR Wins Engineering Contract for Woodside’s H2OK Project
HOUSTON, January 18, 2022 /PRNewswire/ — KBR (NYSE: KBR) today announced that it has been awarded an engineering services contract with Woodside Energy (United States) Inc. for its proposed H2OK liquid hydrogen production facility in Ardmore, Oklahoma.
Under the terms of the contract, KBR will provide an initial engineering design for Woodside’s H2OK liquid hydrogen facility. Cryogenic liquid hydrogen is used in the transportation industry as a fuel for fleets where burning liquid hydrogen produces zero emissions, water being the only by-product.
“KBR is delighted to support Woodside on this project as the company advances its portfolio of decarbonization solutions,” said Jay Ibrahim, President – Sustainable Technology Solutions. “Our focus on energy transition and carbon footprint reduction helps our customers achieve their sustainability goals around the world. At KBR, we continually strive to develop new technologies and solutions that benefit our planet. “
KBR has almost 50 years of experience in the design, development and support of cryogenic liquefied natural gas plants and has extensive experience in the field of hydrogen, both through its work in the space industry and in industrial facilities. This in-depth knowledge of the domain makes KBR the ideal solution to provide high-end engineering and to be the integrator of cryogenic liquid hydrogen installations.
We provide science, technology and engineering solutions to governments and businesses around the world. KBR employs approximately 29,000 people worldwide with customers in over 80 countries and operations in 40 countries.
KBR is proud to work with customers around the world to provide technology, value-added services, and long-term operation and maintenance services to ensure consistent delivery with predictable results. At KBR, we deliver.
Statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the Company’s control and could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: material adverse impacts on economic and market conditions from the COVID-19 pandemic and the company’s ability to respond to resulting business challenges and disruptions; the recent dislocation of the global energy market; the company’s ability to manage its cash; results and publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and the potential adverse results and consequences of such proceedings; changes in capital expenditures by the company’s customers; the company’s ability to obtain contracts from existing and new customers and to execute on those contracts; structural changes in the industries in which the company operates; escalating costs associated with completing fixed-price projects and the company’s ability to control its costs under its contracts; claims negotiations and contractual disputes with the company’s customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in governmental regulations and regulatory requirements; compliance with income tax laws; unstable political conditions, war and the effects of terrorism; foreign operations and exchange rates and controls; the development and installation of financial systems; the possibility of cyberattacks and malware; increased competition for employees; the ability to complete and integrate acquisitions; and the activities of joint ventures, including joint ventures that are not controlled by the company.
The company’s most recently filed Annual Report on Form 10-K, all subsequent Forms 10-Q and 8-K, and other filings with the United States Securities and Exchange Commission discuss some of the material risk factors that the company has identified and which may affect its business, results of operations and financial condition. Except as required by law, the Company undertakes no obligation to publicly revise or update any forward-looking statements for any reason.
SOURCE KBR, Inc.