KBR Awarded FEED Contract by VCNG for Eastern Siberia Oil Project
August 04 2009 - 4:05PM
Business Wire
KBR (NYSE:KBR) today announced that it has been awarded a
contract by Verkhnechonskneftegas (VCNG) to provide front-end
engineering and design (FEED) services for the VC FFD Project
located in the Eastern Siberia region of Russia.
KBR will provide FEED services for a single new build, 140,000
barrels of oil per day facility, which will be tied back via a new
85-kilometer pipeline, to the existing East Siberian Pacific Ocean
(ESPO) pipeline.
The VC oil & gas field is planned to produce a plateau
production of 140-kbopd from 430 production wells, and there will
be 215 water injection wells. The field development will involve
total 645 wells distributed over 75 well pads. The reservoir is
about 1700m depth and initial reservoir pressure is about 2,250
psia, with a reservoir temperature from 12C to 20C.
The project award marks the first contract between VCNG and KBR
and builds upon the existing relationship between TNK-BP and
Granherne, a KBR subsidiary. Work on the project is already
underway.
“This award solidifies our relationship with both VCNG and
TNK-BP, and is further evidence of KBR’s commitment to establishing
our continuing presence in Russia,” said John Rose, President, KBR
Upstream. “We look forward to executing this project and I am
confident this will be a successful FEED for the Eastern Siberia
program.”
KBR is a global engineering, construction and services company
supporting the energy, hydrocarbon, 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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