KBR Establishes GES+ (General Engineering Services +) Entity in Saudi Arabia
KBR today announced that it has completed the registration and licensing of a new entity to carry out general engineering and project management services under the Saudi Arabian Oil Company (Saudi Aramco) GES+ initiative.
As part of completing the GES+ initiative, KBR acquired the business of Abdulhadi and Al-Moaibed Consulting Engineering Co. (AMCDE), a Saudi owned professional engineering company, and officially formed KBR-AMCDE. KBR will hold a 67% interest in this new entity. This new entity will provide front-end engineering and design (FEED), detailed design, procurement and project management services for Saudi Aramco. Initial staffing of the KBR-AMCDE enterprise is approximately 400 people.
KBR-AMCDE will perform the GES+ work under a five-year contract in support of Saudi Aramco's Capital Program. This work will be performed from the KBR-AMCDE offices in Al-Khobar, Saudi Arabia. KBR also expects, over time, to use the KBR-AMCDE enterprise to perform engineering work outside the hydrocarbons sector in Saudi Arabia.
"The newly formed KBR-AMCDE is proud to be selected for this GES+ contract by Saudi Aramco. This work will reinforce the highly valued client relationship with Saudi Aramco that KBR and AMCDE developed through work on multiple prior projects," said Khaled Abu Nasrah, KBR President, Middle East. "The GES+ contract award to KBR-AMCDE creates an opportunity for Saudi nationals to increase their engineering and construction capabilities through the utilisation of KBR's world class work processes, systems and tools."
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(NYSE: KBR) is headquartered in Houston, Texas, USA. The company employs over 35,000 people worldwide in locations that include the U.S., Australia, Africa, the U.K., Asia and the Middle East. KBR delivers a wide range of services through its Downstream, Gas Monetization, Infrastructure and Minerals, International Government and Defense, North American Government and Defense, Oil and Gas, Power and Industrial, Services, Technology, and Ventures business segments, and differentiates itself as a technology-driven engineering, procurement and construction (EPC) company.
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