KBR Secures Two-Year Renewal of EPCM Contract with Basra Oil Company for the Majnoon Oil Field in Iraq

Core Insights - KBR has secured a two-year renewal of its EPCM contract with Basra Oil Company for the Majnoon Oil Field, emphasizing its commitment to Iraq's energy strategy and sustainable development [1][2] - The contract extension highlights the strong partnership between KBR and BOC, focusing on maximizing production capacity and operational efficiency [2] - KBR's team in Iraq consists of a significant number of local professionals, ensuring effective project execution and alignment with local content requirements [3] Company Overview - KBR provides science, technology, and engineering solutions globally, employing approximately 38,000 people and operating in over 29 countries [4] - The company aims to deliver technology and value-added services to ensure consistent project outcomes and long-term operational success [4]