KBR, Inc. has entered into a 10‑year general maintenance services agreement with Petro Rabigh for the Polymer I and Polymer II plants located in Rabigh, Saudi Arabia. The contract, which includes an optional two‑year extension, will be executed by KBR’s local joint‑venture subsidiary, KBR Al Yusr, and covers preventive, predictive, corrective, and shutdown maintenance services across the two polymer facilities.
The deal positions KBR as a long‑term partner in a key Saudi petrochemical hub and adds a predictable, recurring revenue stream to its Sustainable Technology Solutions business. It underscores KBR’s strategy of combining proprietary technology with high‑value service contracts and strengthens the company’s foothold in the Middle East, a region that is central to Saudi Arabia’s Vision 2030 diversification plan.
KBR will deploy its AI/ML‑driven digital accelerators and reliability frameworks—such as the TLIS Reliability Framework and Digital Sustainability Suite—to enhance asset reliability, improve availability, strengthen safety performance, and drive sustainable OPEX optimization for the polymer assets. Petro Rabigh’s president and CEO, Othman Al Ghamdi, said the outsourcing “is a first for the company and focuses on safety, reliability, risk management, and cost efficiency. KBR’s global expertise, local execution capability, and digitally‑enabled approach give us confidence that this transition will strengthen plant performance while supporting our long‑term business objectives.” KBR’s President of Sustainable Technology Solutions, Jay Ibrahim, added that the partnership “combines KBR’s maintenance expertise with Petro Rabigh’s operational capabilities” and aims to “enhance safety and improve reliability across the polymer assets.”
Petro Rabigh’s financial health has been improving, with net losses narrowing to SAR 2.1 billion in H1 2025 from SAR 2.5 billion the prior year, and a 4.9 % YoY reduction in Q3 2025 losses to SAR 1.24 billion. Accumulated losses stood at SAR 8.57 billion as of September 30 2025, representing 51.29 % of capital. The company’s decision to outsource maintenance for the first time reflects its broader transformation strategy to achieve top‑quartile plant performance and long‑term operational excellence.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.