KBR Wins Multi-Phased Contract for Front-End Engineering and Design for Woodfibre LNG Project
HOUSTON, March 21, 2016 (GLOBE NEWSWIRE) -- KBR, Inc. (NYSE:KBR) announced today it has been awarded a multi-phased contract for Front-End Engineering and Design (FEED) for the Woodfibre Liquefied Natural Gas (LNG) Project. The Woodfibre LNG Project is located in the District of Squamish near Vancouver, British Columbia, Canada.
Under the terms of the contract, KBR's Houston office will provide FEED services for the proposed 2.1 MTPA liquefaction plant and export facility. This work will include FEED optimization, pre-FEED, FEED, and development of a fixed price offer for engineering, procurement and construction (EPC) services.
"KBR is a world leader in LNG engineering and design," said Byng Giraud, Country Manager and Vice President of Woodfibre LNG Limited, the privately held Canadian company behind the Woodfibre LNG Project. "The award of the FEED contract to KBR ensures the Woodfibre LNG Project is engineered and designed to world-class standards, and marks another important step towards making the project a reality."
"KBR has a strong track record for developing LNG projects in British Columbia and we look forward to leveraging that experience once again," said Roy Oelking, President of KBR's Engineering & Construction (E&C) Americas business. "We are pleased to play an important role in the Woodfibre LNG Project, providing the expertise and capability of our 40-year history in LNG project delivery to help make this project a success."
Revenue associated with this project was undisclosed. The contract is multi-phased and the first phase will be booked into backlog of unfilled orders for KBR's E&C business segment the first quarter of 2016.
About Woodfibre LNG
Woodfibre LNG Limited is a subsidiary of Pacific Oil & Gas Limited, which is part of the Singapore-based RGE group of companies. RGE, also known as Royal Golden Eagle, comprises a group of world-class companies focused on resource-based manufacturing industries.
About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 22,000 people worldwide with customers in more than 70 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
Government Services, including program management and long term annuity contracts
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.
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