KBR Secures Major Iraq Oil Field Contract with Basra Oil Company

GlobeNewswire Inc.GlobeNewswire Inc.
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Key Takeaway

KBR wins major contract with Basra Oil Company to manage Majnoon Oil Field operations, deploying 2,000 personnel and AI technology for enhanced efficiency.

KBR Secures Major Iraq Oil Field Contract with Basra Oil Company

KBR has been awarded a comprehensive Integrated Field Management Services contract by Basra Oil Company for operations at the Majnoon Oil Field, one of the world's largest producing assets with proven reserves exceeding 38 billion barrels. The engagement encompasses upstream engineering, project management, operations, and maintenance services across the field's portfolio.

Under the contract terms, KBR will establish an in-country workforce of approximately 2,000 personnel to execute field operations and support infrastructure. The company will deploy advanced artificial intelligence and digital technologies to enhance reservoir performance optimization and operational efficiency across the expansive asset.

The assignment reflects KBR's expanded role in Iraq's energy sector development while supporting capacity building initiatives. The contract includes provisions for knowledge transfer and local employment development, contributing to the broader economic and technical advancement of Iraq's oil and gas industry.

Source: GlobeNewswire Inc.

Back to newsPublished Feb 23

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