KBR gets contract to develop Iraq oilfield

Iraq OilKBR will develop the field under a two-year contract extendable by a year. (Image source: Adobe Stock)Energy services company KBR Inc said it was awarded a contract by Basra Oil Company (BOC) to develop the Majnoon Oil Field in Basra

The Houston, Texas-based company will provide engineering services for the oil field under a two-year contract, which is extendable by a year.

KBR said it would book estimated revenue from the contract in its hydrocarbons services unit as work orders are released.

"KBR has a long and rich history in Iraq and we are excited to be able to leverage our broad expertise in onshore oil and gas processing facilities across the project lifecycle as a true partner to BOC," said Jay Ibrahim, KBR President Europe, Middle East, Africa and Asia-Pacific region.

"This award highlights BOC's confidence in KBR's capabilities to deliver in multiple engineering discipline areas across a variety of projects," Ibrahim continued. "We look forward to transferring our knowledge and experience to local Iraqis in order to leave a lasting legacy in the country."

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