HOUSTON - November 14, 2017 – KBR, Inc. (NYSE:KBR) announced today it has successfully completed delivery of a Phenol Operator Training Simulator (OTS) to Deepak Phenolics Limited (DPL), India for their initial startup and long term operator training needs.
Under the terms of the contract, KBR provided turnkey delivery of the OTS and other services for the DPL Phenol plant with a design capacity of 200 KTPA and the co-product Acetone plant with a design capacity of 120KTPA located at Dahej, Gujarat, India.
KBR Technology also provided the license and basic engineering services for the Phenol plant.
The OTS will provide a cost effective solution for training operators for safe and efficient plant start-up and continued on-going operational training. The OTS based training will assist plant operators' objectives to operate the plant reliably, safely and to quickly react to operational emergencies for higher productivity.
"KBR is pleased to have the opportunity to provide the OTS to DPL as part of our overall technology package for the plant," said John Derbyshire, President, KBR Technology and Consulting. "KBR is committed to providing state-of-the-art solutions for safe plant start-up and operations and this project is indicative of KBR's strategic commitment to growing our presence in India."
"Deepak Phenolics venture in Phenol area is envisaged to be a key foundation stone for the organization and major contributor to domestic market in India. Deepak Phenolics is happy to have chosen KBR as a collaborative partner for its venture in OTS arena," said Harendra Pandya, Project Director, Deepak Phenolics Ltd. "KBR team has set a new benchmark from speed to OTS model fidelity on the emulation platform. The deliverables have already started yielding benefits for Deepak Phenolics team."
KBR Technology is a leader in providing know-how based automation services and solutions to support its licensed process technologies for more than 35 years.
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs over 34,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:
- Government Services, serving government customers globally, including capabilities that cover the full life-cycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
- Technology & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting
- Engineering & Construction, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU) and program management
KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Forward Looking Statement
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that 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: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract 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 government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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