KBR (KBR) Awards a Framework Contract by Sasol Technology
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KBR (NYSE: KBR) has been awarded a Framework Contract by Sasol Technology (Pty) Ltd., 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% of its procurement spend against its own BBBEE scorecard.
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