KBR Receives Framework Contract for Engineering Services by Sasol Technology

Thu. October 22, 2009; Posted: 12:38 AM

Oct 22, 2009 (Close-Up Media via COMTEX) -- SSL | Quote | Chart | News | PowerRating -- KBR announced that it has been awarded a Framework Contract by Sasol Technology (Pty), the technology arm of the Sasol Group (Sasol), to provide engineering services across various sectors of Sasol Group's business including downstream, petrochemical, and upstream in Southern Africa.

Under the agreement and on the basis of mutually agreed terms and conditions, KBR will provide a full range of engineering services that will vary in scope depending on Sasol's needs. The framework agreement is designed to allow Sasol and KBR to quickly engage on conceptual studies, feasibility studies and FEED packages. Also, as a Level 5 Contributor and Value-Adding Supplier of the Broad Based Black Economic Empowerment (BBBEE) in South Africa, KBR will add significant value and support to this agreement as its status will allow Sasol to claim 100 percent of its procurement spend against its own BBBEE scorecard.

"KBR is honored to have been selected for this important Framework Agreement with Sasol," said John Quinn, President, KBR Downstream. "This agreement underscores and further solidifies our strong relationship with Sasol, and I am confident KBR will deliver top-grade services to our client."

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets.

More Information:

www.kbr.com.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

For full details on Sasol Limited ADR (SSL) click here. Sasol Limited ADR (SSL) has Short Term PowerRatings of 5. Details on Sasol Limited ADR (SSL) Short Term PowerRatings is available at This Link.

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