KBR Awarded Feasibility Study on New Liberian Refinery
(June 15, 2016) – KBR, Inc. announced that it had been awarded a bankable feasibility study (BFS) contract by ECOWAS Refinery Liberia Limited (ERLL) for development of a 100 Mbpd 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. This work is expected to be performed 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," Jan Egil Braendeland, Executive Vice President of Global Sales said.
Chief Tony Izubundu Chinyere, Executive Vice Chairman & 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 in the second quarter of 2016.