Press Release

HOUSTON, November 3, 2026 – KBR (NYSE: KBR) has been awarded a contract by AKT Oil Services Company (AKT) to provide detailed engineering design services for the West Qurna-1 Low-Pressure Gas Capture Project in Iraq. The project is part of Basrah Gas Company’s (BGC) multi-billion-dollar program to expand gas capture infrastructure and reduce flaring across southern Iraq.

Under the contract, KBR will provide multi-discipline detailed engineering design services for Gas Compressor Station 6 at the West Qurna-1 oil field, one of the world's largest, with more than 20 billion barrels of recoverable reserves. The project is designed to capture low-pressure associated gas that is currently flared and integrate it into Iraq's domestic energy value chain, with the aim of supporting greater energy efficiency and reduced emissions.  

"As a key contributor to Iraq's growing energy infrastructure, KBR is proud to partner with AKT and support BGC's vision for a more sustainable and efficient energy future," said Euan McCulloch, KBR Vice President, Middle East. "This award builds on our decades-long presence in Iraq and reflects our continued focus on engineering solutions that support energy security, gas monetization and lower-carbon development across the region."

The project further expands KBR's portfolio of strategic energy infrastructure projects in Iraq and across the Middle East, supporting major developments spanning gas processing, field development, infrastructure planning and fertilizer production. KBR has been a service provider in Iraq for more than four decades, working with customers to advance energy reliability, economic growth and industrial development through world-class engineering and technology solutions.

The project is being delivered by AKT under its engineering, procurement and construction contract with BGC.

About KBR

KBR is a global, capital-light lifecycle solutions company serving customers in high-complexity industrial, energy and infrastructure markets. Through its advisory, technical, engineering and operating expertise, KBR helps customers shape investments, reduce risk, deploy complex technologies, improve performance and deliver reliable outcomes across the asset lifecycle.

Following the planned separation of the Mission Technology Solutions business, KBR will operate as a focused standalone company with differentiated customer relationships, global execution capabilities and a capital-efficient business model. The company is positioned to benefit from long-term secular growth trends across energy security, energy transition, industrial modernization, and infrastructure investment. KBR's 16,000 employees operate across more than 30 countries.

About Trinzic

KBR’s Mission Technology Solutions business is expected to be spun off as an independent public company in January 2027 and will then operate under the new name Trinzic. The name is inspired by the word intrinsic, reflecting the essential capabilities, deep expertise, speed and trusted performance that have defined the business for decades. Trinzic will enter the market as a global company and partner to customers supporting some of the highest priority missions across national security, human performance, global operations and space. Trinzic will launch with more than $5 billion in annual revenue, established partnerships and contracts, 20,000 employees and a global footprint.    

Forward Looking Statements

The statements in this press release that are not historical statements, including statements regarding energy infrastructure services and the anticipated spin-off of Trinzic, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, 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, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

For further information, please contact:

Investors

Rachael Goldwait

Vice President, Investor Relations 
713-753-5082 
Investors@kbr.com

Media

Caitlin Gardner  

Director, Communications  
713-753-3800 
MediaRelations@kbr.com