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Source:finance.yahoo.com

KBR Wins Aramco Engineering Contract for Marjan Offshore Field

IMP3.5
SNT+0.3▲
CONF90%
Operational
What the scores mean

KBR Inc. said Tuesday it won an engineering contract from Saudi Arabian Oil Co. (2222.sr) to support operations at the Marjan offshore field in the Arabian Gulf. Financial terms were not disclosed. Under the deal, KBR will provide engineering and project execution services for offshore facilities, including processing, gas compression and power infrastructure. The work covers upgrades across the Marjan field and related power systems. KBR said the project will be delivered through its Houston and Al-Khobar offices. In pre-market trading, KBR shares fell 8 cents, or 0.25%, to $34.60 on the New York Stock Exchange.

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