KBR Subsidiary Awarded Detail Engineering Contract by Statoil on Behalf of Gassled Partners
July 23 2007 - 4:08PM
Business Wire
KBR (NYSE:KBR) today announced that its subsidiary, M.W. Kellogg
Limited (MWKL), has been awarded the detail engineering contract by
Statoil on behalf of Gassco and Gassled. MWKL will be responsible
for the upgrading and development of the Statoil gas treatment
facility at Karsto located north of Stavanger, Norway.�Karsto is a
hub for gas production to 30 large and small fields in the North
Sea and the Norwegian Sea. The contract has a value of
approximately USD $175 million. MWKL was the main contractor on
three previous major upgrading and expansion projects at the Karsto
facility. In addition to detail engineering, the contract calls for
procurement assistance and construction assistance. This award is a
result of MWKL�s successful completion of the Pre-Engineering Front
End Engineering and Design (FEED). The project is expected to be
completed by 2012, with upgrading work beginning in the Fall of
2008. A maximum workforce of 500 personnel will be required for the
project. MWKL has also sub-contracted the civil engineering detail
design to Norconsult, based in Oslo, Norway and significant
elements of the instrument upgrade to Sorco, based in Stavanger,
Norway, for this phase of the project. "We are�truly delighted to
be awarded another major contract by Statoil at the Karsto
facility," said�John Quinn, chief executive officer of M.W. Kellogg
Limited. "We have been working with Statoil�on the large gas and
NGL processing plant at Karsto�for�a quarter of a century.
The�latest award is further evidence of our ability to design and
construct major processing plants on schedule and with an exemplary
health, safety, and environmental record. Having already
completed�one�major revamp at Karsto we look forward to performing
work on this even more complex project." KBR is a global
engineering, construction and services company supporting the
energy, petrochemicals, government services and civil
infrastructure sectors. The company offers a wide range of services
through its Energy and Chemicals (E&C), Government and
Infrastructure (G&I), and Ventures business segments. For more
information, visit www.kbr.com. NOTE: The statements in this press
release that are not historical statements, including the estimated
contract value, are forward-looking statements within the meaning
of federal securities laws. These statements are subject to
numerous risks and uncertainties, including those detailed in our
most recent Annual Report on Form 10-K and Quarterly reports on
Form 10-Q filed during this fiscal year, many of which are beyond
company's control that could cause actual results to differ
materially from the results expressed or implied by the statements.
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