KBR Awarded Onshore Liquefied Natural Gas Portfolio Contract with Shell Global Solutions International B.V.

abarrelfullabarrelfull wrote on 28 Mar 2014 09:37
Tags: engineering kbr lng shell

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KBR (NYSE: KBR) announced today that it has been awarded an onshore liquefied natural gas portfolio contract by Shell Global Solutions International B.V.

Under this agreement, KBR will develop pre-front end engineering and design (pre-FEED) and FEED for Shell's worldwide LNG projects with an opportunity to continue as the lead party in consortia for projects in the execution phase.

As part of this award, KBR and Shell will enter a long-term collaboration in an integrated office established in KBR's London Greenford Operating Center, taking advantage of KBR's prior execution experience with Shell and other LNG projects.

"Winning this contract further demonstrates KBR's position as one of the world's leaders in the development and construction of LNG plants and the continuation of KBR's long relationship with Shell," said Ivor Harrington, KBR Gas Monetization Group President.

This agreement expands on a 35-year relationship with Shell in LNG.

Initial revenues from the contract will be included in the second quarter 2014 backlog for the Gas Monetization segment, with further revenue included as work is released. The initial and potential future contract values were not disclosed.

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