Released December 23, 2008 | BANGALORE, INDIA
en
Researched by Industrial Info Resources (Sugar Land, Texas)--KBR Incorporated (NYSE:KBR) (Houston, Texas) has announced that it has won the site development contract for the Lobito refinery in Angola. According to the contract awarded by Angola's partially state-owned petrochemical company Sociedade Nacional de Combustiveis de Angola (Sonangol) (Luanda), KBR will be responsible for engineering, equipment and materials procurement, and construction management services for the refinery. The refinery, with a processing capacity of 200,000 barrels per day (BBL/d), will be built in the coastal town of Lobito. Sonangol has more than 30 subsidiaries and controls Angola's petroleum and natural gas production.
The site development contract is KBR's second achievement in the Lobito project. The engineering, procurement, and construction company won a front-end engineering and design (FEED) project in November 2008. In addition to designing the new refinery, KBR will offer engineering services, supervise construction and facilitate all services required to build the refinery. As part of the infrastructure required to construct the refinery, KBR, during the two-year contract period, will develop an access route to the refinery for transporting raw material and equipment and build a marine facility for importing raw material and exporting finished hydrocarbon products.
Construction of the Lobito refinery is expected to cost $6.4 billion. Financial details of the agreement between KBR and Sonangol have not been disclosed yet. Receiving the site development and FEED projects is seen as a significant achievement for KBR and an important milestone in the progress of the Lobito refinery construction. The grassroot refinery facility will be designed to process heavy crude oil. Work is slated to begin soon on the refinery.
KBR has extensive experience in building oil platforms. The company is a market leader in offering upstream and downstream services and has a significant presence in the sub-Saharan region. The company recently won a feasibility study and FEED contract in South Africa from the state-owned Petroleum Oil and Gas Corporation of South Africa (Pty) Limited (PetroSA) (Cape Town, South Africa) for a 400,000-BBL/d grassroot refinery in Coega.
Angola, despite being a major oil producer in Africa, currently imports refined fuel. Once the Lobito refinery becomes operational, its dependence on imported fuel for domestic consumption will be reduced. Angola became a member of OPEC last year. Oil comprises nearly 90% of Angola's exports and OPEC estimates Angola's current oil production capacity at about 1.69 million BBL/d.
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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.
The site development contract is KBR's second achievement in the Lobito project. The engineering, procurement, and construction company won a front-end engineering and design (FEED) project in November 2008. In addition to designing the new refinery, KBR will offer engineering services, supervise construction and facilitate all services required to build the refinery. As part of the infrastructure required to construct the refinery, KBR, during the two-year contract period, will develop an access route to the refinery for transporting raw material and equipment and build a marine facility for importing raw material and exporting finished hydrocarbon products.
Construction of the Lobito refinery is expected to cost $6.4 billion. Financial details of the agreement between KBR and Sonangol have not been disclosed yet. Receiving the site development and FEED projects is seen as a significant achievement for KBR and an important milestone in the progress of the Lobito refinery construction. The grassroot refinery facility will be designed to process heavy crude oil. Work is slated to begin soon on the refinery.
KBR has extensive experience in building oil platforms. The company is a market leader in offering upstream and downstream services and has a significant presence in the sub-Saharan region. The company recently won a feasibility study and FEED contract in South Africa from the state-owned Petroleum Oil and Gas Corporation of South Africa (Pty) Limited (PetroSA) (Cape Town, South Africa) for a 400,000-BBL/d grassroot refinery in Coega.
Angola, despite being a major oil producer in Africa, currently imports refined fuel. Once the Lobito refinery becomes operational, its dependence on imported fuel for domestic consumption will be reduced. Angola became a member of OPEC last year. Oil comprises nearly 90% of Angola's exports and OPEC estimates Angola's current oil production capacity at about 1.69 million BBL/d.
View Plant Profile - 1045564
View Project Report - 83100002 83100003 83100004 83100005 83100006 83100007 83100008
Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services.
