Ichthys LNG Project Achieves FID and JGC/KBR/Chiyoda Joint Venture (JKC JV) Executes Letter of Award for Initial EPC Activities

abarrelfullabarrelfull wrote on 13 Jan 2012 06:26
Tags: australia chiyoda engineering inpex jgc kbr lng total

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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.”

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