KBR, Inc. KBR announced today it has
been awarded a near-shore floating LNG Front End Engineering Design
(FEED) contract by Lloyds Energy Ltd.
Under this contract, KBR will provide integrated topsides and hull
engineering design services for a nominal 2.5 million TPA floating
natural gas liquefaction plant (FLNG). Start-up of the project
facilities is expected to take place in 2019.
All LNG processing facilities, together with the associated utilities
and power generation, will be located on the FLNG barges, which will be
moored at the end of a new single jetty, about 3.5km in length. LNG
storage will be in the barge hulls and loading will be via a separate
LNG carrier berth at the end of the jetty.
"This is a significant milestone in KBR's FLNG industry strategy, and
our relationship with Lloyds Energy complements our existing FEED
experience for the Coral South FLNG project in Mozambique," said Jan
Egil Braendeland, KBR President, Engineering & Construction for the
Europe, Eurasia & Africa (EEA) region. "We look forward to working with
Lloyds Energy so that together we may achieve their goal of developing
strategically important near-shore FLNG projects across a range of
locations."
Stuart Bradie, KBR President and CEO said, "Because of KBR's strong
position within the LNG market, the company can satisfy the needs of our
LNG customers, regardless of the phase of the project. KBR designs and
manages projects, from concept through to construction and
commissioning. This expertise underpins why KBR is responsible for one
third of the world's operating LNG capacity, across a range of locations
in Africa, Asia, the Middle East and Australia."
"The ultimate objective is to establish a program of multiple near-shore
FLNG projects, based on one single and original design", said
Konstantinos Mitropoulos, Lloyds Energy CEO.
"Our vision at Lloyds Energy is to successfully deliver, through
near-shore FLNG technology, a viable alternative to traditional and
capital intensive onshore LNG developments," Mitropoulos said. "Lloyds
Energy is extremely pleased to be working with KBR on this exciting
project. Both companies have experienced FLNG teams with full
asset-cycle exposure, from concept development through to long term
asset management. We are confident that we have chosen the best
contractors in the industry to support this project."
The contract value was not disclosed. Expected revenue from the contract
will be included in KBR's second quarter 2015 backlog of unfilled orders
for its Engineering and Construction business lines. Work has already
commenced and is expected to be completed in the first half of the first
quarter 2016.
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