This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

KBR's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Stocks in this article: KBR

Now I would like to talk about KBR's businesses. At Gas Monetization, the FEED for the Kitimat LNG project is essentially complete, while pre-FID site construction activities continue. We are currently in an open book EPC tendering phase, which should be completed during the second quarter of 2012. At the Browse LNG project during the fourth quarter, we moved into a bid quality FEED extension, which is now essentially complete. We are currently [indiscernible] for EPC bidding, with bids due in mid-2012. For the Gorgon LNG fourth train, pre-FEED activities continue, with an expected transition into FEED in mid-2012.

In Africa, for the Anadarko LNG project in Mozambique, pre-FEED is complete and the FEED tendering process is underway. We anticipate FEED awards to be announced during the first half of 2012. At the Pluto LNG Project, KBR continues to provide support to Woodside on the Pluto foundation project and is currently performing various additional studies on the proposed expansion project.

At KBR's Downstream business unit for the Lobito refinery project, Sonangol continues to discuss equity participation with at least 1 potential partner. We will continue to execute early-stage engineering for the project through the first quarter of 2012.

On the Sadara project, only 1 FEED envelope remains to be completed. KBR continues to provide resources and key personnel at the site, as well as coordinating PMC and pre-EPC support activities.

Regarding Aramco's GES+ initiative, I am pleased that the KBR AMCDE entity has been formally accepted by Aramco as a preferred provider. The GES+ contract will increase in kingdom, technical, engineering and construction capabilities through utilization of KBR's world-class engineering tools and work processes. At KBR, AMCDE's office has approximately 400 people and will provide front-end engineering and design, detailed design, procurement and project management services. KBR also expects, over time, to use this entity to perform engineering work outside of the hydrocarbon sector in Saudi Arabia. KBR anticipates approximately $70 million to $100 million in revenue per year from the KBR AMCDE entity.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs