KBR, Inc. (Houston; www.kbr.com) has been awarded a Bankable Feasibility Study (BFS) contract by ECOWAS Refinery Liberia Limited (ERLL) for development of a 100,000-bbl/d petroleum 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 Corp. (HQC), a subsidiary of China National Petroleum Corp. (CNPC). HQC are advising in tailoring the BFS product for potential future phase Chinese investment.
Revenues associated with this contract, which were not disclosed, will be booked into backlog for the Technology & Consulting business segment in the second quarter of 2016.