Ichthys LNG Project Achieves FID & JGC/KBR/Chiyoda Joint Venture (JKC JV) Executes Letter of Award for Initial EPC Activities...
January 12 2012 - 8:35PM
Business Wire
KBR (NYSE:KBR), JGC Corporation (JGC) and Chiyoda Corporation
(Chiyoda) jointly announced that INPEX CORPORATION and Total S.A.
(the Ichthys Owners) have notified the joint venture formed by JGC,
KBR and Chiyoda, the JKC JV, that the Final Investment Decision
(FID) 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
(Operator) 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%).
“We are pleased to have received notice the FID has been
achieved for the Ichthys LNG project and that the JKC JV has
received the notice of award of the EPC contract. We have already
started initial engineering, procurement and construction
activities and look forward to completing the formal EPC contract
in the coming weeks,” said Mitch Dauzat, KBR President, Gas
Monetization. “We are excited that the JKC JV will play a key role
in INPEX’s and Total’s effort to make this world-class LNG project
a reality.”
About KBR
In the LNG sector, KBR has led the design and construction of
many of the world's LNG facilities in the past 35 years. In
Australia, with its partners, KBR has designed and constructed four
of the six operating LNG trains and designed what will be the
nation’s largest float-over offshore platform. Current project
roles include engineering, procurement and construction management
for the Gorgon LNG project in Western Australia, as part of the
Kellogg Joint Venture Gorgon, and engineer for two major coal seam
gas pipelines in Queensland: for Australia Pacific LNG and
Queensland Curtis LNG. The company has 35,000 staff in 45
countries, and had a turnover of US$10 billion in 2010.
KBR is a global engineering, construction and services company
supporting the energy, hydrocarbon, government services, minerals,
civil infrastructure, power, industrial, and commercial
markets. For more information, visit www.kbr.com.
KBR (NYSE:KBR)
Historical Stock Chart
From May 2024 to Jun 2024
KBR (NYSE:KBR)
Historical Stock Chart
From Jun 2023 to Jun 2024