Ichthys LNG Project Achieves FID and JGC/KBR/Chiyoda Joint Venture Executes Letter of Award

KBR (NYSE: KBR), JGC Corporation and Chiyoda Corporation jointly announced that INPEX CORPORATION and Total S.A. have notified the joint venture formed by JGC, KBR and Chiyoda, the JKC JV, that the Final Investment Decision for the Ichthys LNG project has been achieved. As part of this notification, the Ichthys Owners have issued a notification of award to the JKC JV for the engineering, procurement and construction for Ichthys LNG Project. The Ichthys Owners and the JKC JV have executed a formal letter of award for the initial engineering, procurement and construction activities for the project. The completion and execution of the formal EPC Contract is expected in the coming weeks.

The Ichthys LNG Project is an integrated natural gas field development project being executed by the INPEX group of companies and the Total group of companies in Australia. Feed gas from the Ichthys Field, in the Browse Basin offshore Western Australia, will be exported to the onshore LNG processing facilities in Darwin via an 889-kilometer pipeline. Participating interests in the downstream Ichthys LNG Project are INPEX group companies (76%) and Total group companies (24%).