Borsat Al Khaleej Live Support
19/02/2026 07:10 AST
KBR and Rabigh Refining & Petrochemical Company (Petro Rabigh) on Wednesday announced a strategic 10-year general maintenance services contract, with an optional two-year extension, covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in Saudi Arabia.
Under the agreement, KBR, through its local joint venture subsidiary KBR Al Yusr, will deliver a comprehensive, digitally-enabled maintenance program encompassing preventive, predictive, corrective, and cycled shutdowns maintenance services.
The scope will be supported by KBR's AI/ML-driven digital accelerators and reliability frameworks, designed to enhance asset reliability, improve availability, strengthen safety performance, and drive sustainable OPEX optimisation.
This collaboration represents a significant milestone in Petro Rabigh's ongoing business transformation, marking the company's first large-scale outsourcing of maintenance services. The programme is intended to support a structured change-management journey while maintaining a strong focus on safety, risk mitigation, and long-term operational excellence. Together, the companies aim to achieve top-quartile plant performance while embedding continuous improvement across maintenance and reliability practices.
"This transition is a critical enabler of Petro Rabigh's transformation agenda," said Othman Al Ghamdi, President and Chief Executive Officer of Petro Rabigh. "As we take this important step toward outsourcing maintenance for the first time, our priorities are clear-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."
"This collaboration brings together KBR's global maintenance and reliability expertise with Petro Rabigh's operational leadership and transformation vision," said Jay Ibrahim, KBR President, Sustainable Technology Solutions. "By combining industry talent, proven methodologies, and advanced digital technologies, we are committed to enhancing safety, improving reliability, and delivering measurable value across Petro Rabigh's polymer assets."
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| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 25.78 | 0.14 (0.54 |
| ADNOCGAS | 3.27 | 0.00 (0.00 |
| ADNOCDRILL | 5.79 | 0.15 (2.65 |
| ADNOCDIST | 4.07 | 0.04 (0.99 |
| BAHRI | 36.00 | 0.46 (1.29 |
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