KBR Secures Advisory Role for Kuwait Oil Company's Renewable and Hydrogen Masterplan

KBR (NYSE: KBR) announced on July 18, 2024, that it has been awarded an advisory consulting contract by Kuwait Oil Company (KOC) to develop a comprehensive masterplan for the production of 17GW of renewable energy and 25GW of green hydrogen by 2050. This ambitious project aims to position Kuwait as a leader in sustainable energy.

Under this contract, KBR will provide advisory consulting services to create a phased strategy for deploying significant wind and solar power infrastructure, along with essential power storage capabilities. The renewable energy generated will be used for both domestic industrial applications and export. Over the next 18 months, KBR will perform a market analysis, conduct techno-commercial feasibility studies, and provide training t KBR takes pride in collaborating with its global customers to deliver technology, value-added services, and long-term operations and maintenance support, ensuring consistent and predictable outcomes.o Kuwaiti nationals to ensure the project's long-term success.

Jay Ibrahim, President of KBR Sustainable Technology Solutions, expressed the company's enthusiasm for the project. "We are thrilled to contribute to this crucial national strategy in Kuwait as we expand our local presence," he said. "This achievement underscores our advisory expertise in developing major national energy transition projects, backed by decades of successful project execution and technology deployment in the GCC region. It reflects KBR’s strategic commitment to Kuwait, sustainability, and the energy transition."

This initiative represents a significant step forward in Kuwait's efforts to embrace sustainable energy and reduce its reliance on fossil fuels. By integrating renewable power with green hydrogen production, the project aims to create a robust and sustainable energy ecosystem. The green hydrogen produced will not only meet the needs of local industries but also serve as a valuable export commodity, positioning Kuwait as a key player in the global green hydrogen market.

KBR's involvement in this project highlights its capability to deliver large-scale energy transition investments and its commitment to supporting sustainable development in the GCC region. The company's expertise in project delivery and technology deployment will be crucial in ensuring the successful implementation of this masterplan.

As Kuwait embarks on this ambitious journey, the collaboration between KOC and KBR is expected to pave the way for a cleaner and more sustainable energy future. This project will not only benefit Kuwait's economy but also contribute to global efforts to combat climate change and promote renewable energy sources.

KBR provides science, technology, and engineering solutions to governments and companies globally. The company employs around 35,000 people and serves customers in over 80 countries, with operations spanning more than 30 countries.