KBR, Inc. has announced that it has been awarded a bankable feasibility study (BFS) contract by ECOWAS Refinery Liberia Limited (ERLL) for development of a 100 000 bpd refinery located in Buchanan, Liberia.
Under the terms of the contract, KBR will provide a market study, refinery configuration development and Environmental, Social and Health Impact Assessment (ESHIA) study. The work is expected to take over five months, with KBR configuring the optimal refinery configuration and developing the financial model including capital and operational cost estimates supported by China Huanqiu Contracting and Engineering Corporation (HQC), a subsidiary of China National Petroleum Corporation (CNPC). HQC are advising in tailoring the BFS product for potential future phase Chinese investment.
“KBR is delighted to be able to assist ERLL in the formative stages of this project bringing together the knowledge and capabilities of the One KBR approach,” said Jan Egil Braendeland, Executive Vice President of Global Sales.
Chief Tony Izubundu Chinyere, Executive Vice Chairman and Founder of ERLL said, “This is an important milestone to progress the development of the refinery project for Liberia. With the engagement of KBR for the bankable feasibility study, a solid basis for the project will be established.”
Revenues associated with this contract, which were not disclosed, will be booked into backlog for the technology and consulting business segment in the 2Q16.
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/refining/16062016/kbr-awarded-bfs-contract-for-ecowas-refinery-project-in-liberia-3528/