KBR Awarded FEED Contract by Petroleum Oil and Gas Corporation of South Africa (Pty) Ltd. for Grassroots Refinery Project
December 08 2008 - 9:15AM
Business Wire
KBR (NYSE:KBR) today announced that it has been selected by The
Petroleum Oil and Gas Corporation of South Africa (Pty) Ltd.
(PetroSA) to provide feasibility and front-end engineering and
design (FEED) study services for its proposed 400,000 barrels per
day (bpd) grassroots refinery � Project Mthombo (also known as
Coega refinery). KBR will work with PetroSA to provide a
sustainable and commercially viable solution to the liquid fuels
supply challenges faced in South Africa. The selection follows
KBR�s completion of a prefeasibility study under Project Mthombo
earlier this year. Work on the project is expected to begin in
December 2008 and will primarily be conducted out of KBR offices in
Houston and Johannesburg. �KBR is pleased to continue our
successful partnership with PetroSA, offering our expertise in
designing this world-class refinery,� said John Quinn, President,
Downstream for KBR. �This selection provides KBR the opportunity to
build upon our mega-refining expertise and to continue the
development of our Johannesburg office as a service provider within
the sub-Saharan region.� Project Mthombo has been selected as one
of the first major projects within PetroSA to be governed by the
principles and ideals of the Competitive Supplier Development
Program (CSDP). During the feasibility phase we will work closely
with PetroSA to develop a CSDP plan to maximize Project Mthombo�s
impact toward increasing local economic growth, employment
creation, and skills development in line with the Industry Liquid
Fuels Charter. Mr. Sipho Mkhize, CEO of PetroSA, says KBR was
chosen because of the quality and expertise of its management, its
proven mega-refinery expertise in the petroleum industry and its
total commitment to this fast-tracked project. �We are also
delighted that KBR has shown its full support in working with
PetroSA to achieve the goals of transformation of the local
petroleum industry.� 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 Downstream, Government and
Infrastructure, Services, Technology, Upstream and Ventures
business segments. For more information, visit www.kbr.com.
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