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KBR KBR Inc

64.03
-0.02 (-0.03%)
Last Updated: 17:15:56
Delayed by 15 minutes
Share Name Share Symbol Market Type
KBR Inc NYSE:KBR NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -0.03% 64.03 64.36 63.91 64.12 81,241 17:15:56

KBR Awarded FEED for Kitimat LNG Development

07/03/2011 1:30pm

Business Wire


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KBR (NYSE:KBR) announced today that it has been awarded a front-end engineering and design (FEED) contract by KM LNG Operating General Partnership for the Kitimat Liquefied Natural Gas (LNG) Development near Kitimat, British Columbia, Canada. KM LNG Operating General Partnership is a subsidiary of Apache Corporation and the operator of the Kitimat LNG Development. The Kitimat LNG Development is co-owned by KM LNG Operating General Partnership and a subsidiary of EOG Resources.

KBR will provide FEED services for the development of the Kitimat LNG facility, anticipated to be a fully electric-driven LNG plant. The LNG processing facility will be located nearly 15 kilometers southeast of Kitimat and will include LNG process facilities, associated infrastructure, administration and marine facilities. Work on the project is to begin immediately.

“The award of the contract emphasizes the value KBR’s LNG execution capabilities bring to projects in remote locations, working with the communities in which we live and work to achieve successful sustainable development during project execution,” said Mitch Dauzat, President, KBR Gas Monetization. “Our local experience and presence provided KM LNG the confidence in KBR to execute a successful project in western Canada.”

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. For more information, visit www.kbr.com.

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