SQUAMISH, British Columbia and
HOUSTON, Dec. 6, 2017 /PRNewswire/ -- Woodfibre LNG
Limited and KBR, Inc. (NYSE: KBR) announced today that KBR,
Inc. has been selected to carryout Pre-Notice to Proceed (Pre-NTP)
services for the Woodfibre liquefied natural gas (LNG) Project. The
Woodfibre LNG Project is located in the District of Squamish near Vancouver, British Columbia, Canada and is
licensed to export approximately 2.1 mtpa of LNG for 40 years.
The selection of KBR for Pre-NTP services follows the successful
completion of a competitive Front End Engineering Design (FEED)
process for the Woodfibre LNG Project, which was announced in
October of 2016. Pre-NTP services will be carried out by
KBR's operating centers in Houston
(USA) and Edmonton (CA). The services include additional
FEED work and cost optimization as well as a proposal for an
engineering, procurement and construction (EPC) contract.
Woodfibre LNG expects to commence the EPC phase of the Project
in 2018.
"The successful completion of FEED and now the selection of KBR
to carryout Pre-NTP services are all important steps in moving the
Woodfibre LNG Project forward," said Byng
Giraud, Country Manager and Vice President of Corporate
Affairs for Woodfibre LNG Limited, the privately held Canadian
company behind the Woodfibre LNG Project. "We look forward to
reaching our next project development milestone – the awarding of
an EPC contract in 2018."
"We are pleased to continue our relationship with Woodfibre LNG
as they progress towards becoming one of the first LNG exporters in
Canada," said Farhan Mujib, President of KBR's Engineering
& Construction (E&C) Americas business. "The award of this
work continues to reinforce KBR's position in British Columbia as well as our strategic
commitment to developing fit-for-purpose LNG facilities for our
customers."
For more than 40 years, KBR has designed or constructed over 30
different liquefaction projects across the globe, gaining
industry-leading capability in the design, construction,
commissioning, and start-up of these facilities.
Revenue associated with this project will be booked into the
backlog of unfilled orders for KBR's E&C business segment in Q4
2017.
About Woodfibre LNG
The Woodfibre LNG Project is owned and operated by Woodfibre LNG
Limited, a privately held Canadian company based in Vancouver, British Columbia. Woodfibre
LNG Limited is the owner of the former Woodfibre pulp mill site,
which is located about seven kilometres southwest of downtown
Squamish, BC, with a Community
Office in Squamish.
Woodfibre LNG Limited strives to achieve business objectives
through a quintuple bottom line approach, where results are
mutually beneficial to the community, country, climate, customer
and company.
We are a subsidiary of Pacific Oil & Gas Limited, which
is part of the Singapore-based RGE group of
companies. RGE, also known as Royal
Golden Eagle, manages a group of resource-based
manufacturing companies with global operations. The RGE group of
companies' work ranges from the upstream, comprising sustainable
resource development and harvesting, to downstream, where the
companies create diverse value-added products for the global
market. Assets held by the RGE group of companies exceed
US$18 billion with a combined
workforce of more than 60,000 people worldwide.
Woodfibre LNG Media Line: 1.778.836.0499
About KBR, Inc.
KBR is a global provider of differentiated professional services
and technologies across the asset and program life cycle within the
Government Services and Hydrocarbons sectors. KBR employs over
34,000 people worldwide (including our joint ventures), with
customers in more than 80 countries, and operations in 40
countries, across three synergistic global businesses:
Government Services, serving government customers globally,
including capabilities that cover the full life-cycle of defense,
space, aviation and other government programs and missions from
research and development, through systems engineering, test and
evaluation, program management, to operations, maintenance, and
field logistics
Technology & Consulting, including proprietary technology
focused on the monetization of hydrocarbons (especially natural gas
and natural gas liquids) in ethylene and petrochemicals; ammonia,
nitric acid and fertilizers; oil refining; gasification; oil and
gas consulting; integrity management; naval architecture and
proprietary hulls; and downstream consulting
Engineering & Construction, including onshore oil and gas;
LNG (liquefaction and regasification)/GTL; oil refining;
petrochemicals; chemicals; fertilizers; differentiated EPC;
maintenance services (Brown & Root Industrial Services);
offshore oil and gas (shallow-water, deep-water, subsea); floating
solutions (FPU, FPSO, FLNG & FSRU) and program management
KBR is proud to work with its customers across the globe to
provide technology, value-added services, integrated EPC delivery
and long term operations and maintenance services to ensure
consistent delivery with predictable results. At KBR, We
Deliver.
Visit www.kbr.com
Forward Looking Statement
The statements in this press release that are not historical
statements, including statements regarding future financial
performance, are forward-looking statements within the meaning of
the federal securities laws. These statements are subject to
numerous risks and uncertainties, many of which are beyond the
company's control that could cause actual results to differ
materially from the results expressed or implied by the statements.
These risks and uncertainties include, but are not limited to: the
outcome of and the publicity surrounding audits and investigations
by domestic and foreign government agencies and legislative bodies;
potential adverse proceedings by such agencies and potential
adverse results and consequences from such proceedings; the scope
and enforceability of the company's indemnities from its former
parent; changes in capital spending by the company's customers; the
company's ability to obtain contracts from existing and new
customers and perform under those contracts; structural changes in
the industries in which the company operates; escalating costs
associated with and the performance of fixed-fee projects and the
company's ability to control its cost under its contracts; claims
negotiations and contract disputes with the company's customers;
changes in the demand for or price of oil and/or natural gas;
protection of intellectual property rights; compliance with
environmental laws; changes in government regulations and
regulatory requirements; compliance with laws related to income
taxes; unsettled political conditions, war and the effects of
terrorism; foreign operations and foreign exchange rates and
controls; the development and installation of financial systems;
increased competition for employees; the ability to successfully
complete and integrate acquisitions; and operations of joint
ventures, including joint ventures that are not controlled by the
company.
KBR's most recently filed Annual Report on Form 10-K, any
subsequent Form 10-Qs and 8-Ks, and other Securities and Exchange
Commission filings discuss some of the important risk factors that
KBR has identified that may affect the business, results of
operations and financial condition. Except as required by law, KBR
undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
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SOURCE KBR, Inc.