U.S. Appeals Court Affirms Almost Half Billion Dollar Judgement in Favor of KBR Subsidiary
HOUSTON, Texas — KBR, Inc. (NYSE: KBR) announced today that in a decision in ongoing litigation involving COMMISA, a subsidiary of KBR, the United States Second Circuit Court of Appeals affirmed a judgment in excess of $465 million for COMMISA against PEMEX Exploracion y Produccion (PEP).
This positive result follows a decade of litigation involving two offshore natural gas treatment, processing and reinjection platforms which COMMISA built for PEP, platforms which have been working and in use by PEP since 2004 but for which COMMISA was never fully compensated.
“We are pleased the Court affirmed this substantial judgment for KBR’s subsidiary COMMISA, an amount long overdue for work performed decades ago,” said Stuart Bradie, President and CEO of KBR. “This ruling represents another step closer to finally resolving this protracted dispute. While PEP may seek rehearing or apply to the U.S. Supreme Court for review, KBR believes this decision moves us much closer to final resolution. We look forward to the day when we can finally put this matter behind us.”
KBR’s trial team was led by Richard Marooney with King & Spalding LLP in New York. KBR’s appellate team was led by Paul Clement of Bancroft PLC in Washington DC. Both teams were ably supported by many others at both firms.
About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 25,800 people worldwide with customers in more than 80 countries and operations in 40 countries across three distinct global businesses:
- Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through subsidiaries Granherne, Energo and GVA
- Engineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial Services
- Government Services, incorporating KBRwyle, includes capabilities that span the full spectrum of government mission requirements including research and development, testing, engineering, logistics, deployed operations, and life-cycle sustainment.
KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project delivery with predictable results. At KBR, we deliver.