KBR win Singapore LNG expansion feasibility study

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KBR win Singapore LNG expansion feasibility study

KBR, Inc. (NYSE: KBR) have announced the award of a high level feasibility study which includes exploring the possible expansion of the Singapore LNG Corporation Pte Ltd’s (SLNG) existing LNG terminal on Jurong Island in Singapore.

SLNG was formed by Singapore’s Energy Market Authority (EMA) to develop, build, own and operate Singapore’s first LNG Terminal. This is KBR’s first contract with SLNG.

Under the terms of the contract, KBR will provide feasible conceptual solutions for SLNG’s consideration and create a design option that could be scalable in the long run. This work is expected to be performed over five months, with KBR performing the feasibility study through an integrated core team comprising of LNG expertise from KBR’s London and Singapore offices, its Granherne subsidiary and the SLNG’s development team.

“Singapore’s first LNG Terminal in Jurong Island is a strategic and critical national infrastructure. Together with SLNG, KBR is excited to help advance the growth of the energy market and LNG hub in Singapore and support SLNG’s vision of being a world-class terminal operator,” said Greg Conlon, KBR President, Asia Pacific.

“KBR is pleased to be awarded this important project and we look forward to working with SLNG to meet the future gas needs for Singapore. This strategic win allows KBR to demonstrate our capabilities and develop a long term working relationship with SLNG on future projects. The project also exhibits KBR’s ability to offer integrated solutions through a collaborative execution model to our customers in Asia Pacific by bringing together our global knowledge, experiences and expertise,” Conlon continued.

For more than 40 years, KBR has led the concept development, study, design and construction of over forty-five percent of the world’s LNG facilities. KBR has participated in nearly 50 LNG terminal projects covering all project phases including feasibility studies, basic design, FEED and engineering, procurement and construction (EPC) execution.

Revenue associated with this project was undisclosed and will be booked into backlog of unfilled orders for KBR’s Engineering & Construction Business Segment in Q3 2016.

About KBR, Inc.
KBR, Inc. is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 25,800 people worldwide with customers in more than 80 countries and operations in 40 countries across three distinct global businesses:

Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through subsidiaries Granherne, Energo and GVA Engineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial Services
Government Services, incorporating KBRwyle, includes capabilities that span the full spectrum of government mission requirements including research and development, testing, engineering, logistics, deployed operations, and life-cycle sustainment.

Source: www.kbr.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.