Thank you for the questions.
The Woodfibre LNG Project is moving forward.
We recently completed our competitive Front End Engineering Design (FEED) process and are continuing to work with KBR, Inc. (NYSE: KBR) of Houston, TX. If you need a reminder on our competitive bid process – it was between KBR and JGC. Our media release from October 2016 is here. We are no longer working with JGC (and its subcontractor Fluor).
As for what happens next: we are currently working through some technical aspects of the Project; continue to address permitting and other regulatory requirements, and, we will be working through the terms and conditions of an Engineering, Procurement and Construction (EPC) contract.
In addition, we are working with government to address some competitiveness issues. One example is a new tariff (May 2017) on importing Fabricated Industrial Steel Components (FISC) that has cross industry impacts in Canada. It’s meant to help protect Canada’s steel industry from foreign competitors, but in this case the Canadian steel industry is unable to manufacture to the scale of the modules required for LNG facilities.
Our estimated construction period has been two to three years.
As you likely know, projects of this scale have a lot of stages that impact overall schedule. We’ve been communicating that the timing of the completion of FEED and EPC contract award will impact the overall schedule (not to mention permitting and other authorizations), which is why we’ll update our project schedule closer to EPC contract award in 2018.
As for potential job opportunities, please feel free to visit the Work With Us section of our web site.
Woodfibre LNG Team
Date: November 20, 2017