KBR to continue southern Iraq oil reconstruction work

Halliburton Co. subsidiary KBR will continue its work to restore Iraq oil infrastructure, but only in the southern part of the country under a new US Army Corps of Engineers contract awarded Jan. 16.USACE announced two new competitively bid contracts to replace KBR's controversial existing sole-source contract, in place since March 2003 (OGJ, Nov. 10, 2003, p. 30). US officials estimate the original KBR contract has netted the company about $2.3 billion to date.Both new contracts are for 24 months with three 1-year options. Under the new award, KBR will continue to do oil reconstruction work in southern Iraq. In the north, a joint venture between Parsons Corp., Pasadena, Calif., and A...

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