KBR Wins Multi-Phased Contract for Front-End Engineering and Design for Woodfibre LNG Project

HOUSTON – KBR, Inc. (NYSE: KBR) announced today it has been awarded a multi-phased contract for Front-End Engineering and Design (FEED) for the Woodfibre Liquefied Natural Gas (LNG) Project.  The Woodfibre LNG Project is located in the District of Squamish near Vancouver, British Columbia, Canada.

Under the terms of the contract, KBR’s Houston office will provide FEED services for the proposed 2.1 MTPA liquefaction plant and export facility.  This work will include FEED optimization, pre-FEED, FEED, and development of a fixed price offer for engineering, procurement and construction (EPC) services.

“KBR is a world leader in LNG engineering and design,” said Byng Giraud, Country Manager and Vice President of Woodfibre LNG Limited, the privately held Canadian company behind the Woodfibre LNG Project.  “The award of the FEED contract to KBR ensures the Woodfibre LNG Project is engineered and designed to world-class standards, and marks another important step towards making the project a reality.”

“KBR has a strong track record for developing LNG projects in British Columbia and we look forward to leveraging that experience once again,” said Roy Oelking, President of KBR’s Engineering & Construction (E&C) Americas business.  “We are pleased to play an important role in the Woodfibre LNG Project, providing the expertise and capability of our 40-year history in LNG project delivery to help make this project a success.”

Revenue associated with this project was undisclosed.  The contract is multi-phased and the first phase will be booked into backlog of unfilled orders for KBR’s E&C business segment the first quarter of 2016.