KBR and Its Joint Venture Partners (JKC JV) Sign Contract for EPC Activities for Ichthys LNG Project, Australia
February 09 2012 - 4:58PM
Business Wire
KBR (NYSE:KBR) announced today that its joint venture with JGC
Corporation and Chiyoda Corporation, the JKC JV, has signed the
formal contract for engineering, procurement and construction (EPC)
activities on the Ichthys LNG Project in Northern Australia. The
JKC JV partners signed this EPC contract, valued at US$15 billion,
with the Ichthys LNG Project owners, INPEX and Total.
The Ichthys LNG Project is a Joint Venture between INPEX (76%,
the Operator) and Total (24%). Gas from the Ichthys Field in the
Browse Basin, approximately 200 kilometers offshore of Western
Australia, will undergo preliminary processing offshore to remove
water and extract condensate. The gas will then be exported to
onshore processing facilities in Darwin via an 889 kilometer subsea
pipeline. The Ichthys Project is expected to produce 8.4 million
tonnes of LNG and 1.6 million tonnes of LPG per annum, along with
approximately 100,000 barrels of condensate per day at peak.
“We are pleased to support INPEX and Total in delivering what
will be one of the world’s largest LNG facilities. This is a
visionary project that will bring benefits both to Japan, through a
long-term supply of cleaner energy, and to Australia, through
economic growth and community development,” said Mitch Dauzat, KBR
President, Gas Monetization. “We are excited to have the
opportunity to play a key role in this world-class project.”
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.
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