KBR, Inc. announced it has been awarded the Concept and FEED (front-end engineering design) contract by Statoil for their ground-breaking Northern Lights Project, to develop an onshore carbon dioxide (CO2) – a known greenhouse gas – storage terminal in Norway.
The terminal is a key component of the Carbon Capture and Storage (CCS) demonstration project being undertaken by Gassnova, where Statoil, in partnership with Shell and Total are responsible for transport and storage. The work will be performed by KBR in conjunction with its Granherne subsidiary. In addition to the CO2 storage terminal, the engineering scope will address the import jetty topsides, the CO2 re-injection lines and associated utilities.
The first phase of this project will provide storage for up to 1.5 million tonnes of CO2 per year. CO2 captured from onshore industrial plants in Eastern Norway, will be transported by ship to the onshore terminal. The project will allow for further expansion to receive additional CO2 volumes, with the aim of stimulating new commercial carbon capture projects in Norway, Europe and other countries around the world.
"We are excited to be part of this significant and ground-breaking project and to continue our long-standing and valued relationship with Statoil," said Jay Ibrahim, President, EMEA. "KBR is very supportive of continuing the spirit of innovation in CCS."
Construction of the full-scale project including the onshore terminal is subject to the Norwegian parliament making a positive investment decision, scheduled for 2019.
Revenue associated with this project will be booked into backlog of unfilled orders for KBR's E&C Business Segment in Q4 of 2017.
About KBR, Inc.
KBR (NYSE: KBR) is a global provider of differentiated professional services and technologies across the asset and program life cycle within the Government Services and Hydrocarbons sectors. KBR employs over 34,000 people worldwide (including our joint ventures), with customers in more than 80 countries, and operations in 40 countries, across three synergistic global businesses:
- Government Services, serving government customers globally, including capabilities that cover the full life-cycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
- Technology & Consulting, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining; gasification; oil and gas consulting; integrity management; naval architecture and proprietary hulls; and downstream consulting
- Engineering & Construction, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU) and program management.
About Statoil
Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in more than 30 countries, present in several of the most important oil and gas provinces in the world. Building on more than 45 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil is among the world's largest net sellers of crude oil and condensate, the second-largest supplier of natural gas to the European market, and we also have substantial processing and refining operations. Statoil’s equity oil and gas production is around 2 million barrels oil equivalent per day. Statoil has contracted a fleet of around 90 ship for transportation of oil and LNG.
Statoil is headquartered in Norway with 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.