Development company KBR has been awarded a Bankable Feasibility Study contract by ECOWAS Refinery Liberia Limited (ERLL) for the development of a 100kbbl/day refinery located in Liberia
Under the terms of the contract, KBR will provide a market study, refinery configuration development and an Environmental, Social and Health Impact Assessment (ESHIA) study for the plant in Buchanan.
The work is expected to be performed over five months with KBR configuring the optimal refinery configuration and developing the financial model, including estimates supported by China Huanqiu Contracting and Engineering Corporation (HQC), a subsidiary of China National Petroleum Corporation (CNPC).
HQC is 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 at KBR, said.
Revenues associated with this contract, which were not disclosed, will be booked into backlog for the technology and consulting business segment in Q2 2016.
Chief Tony Izubundu Chinyere, executive vice-chairman and 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.”
