Statoil Tanzania and KBR to Determine Feasibility of LNG Export Facility

The Financial Post reported that in order to assess the feasibility of developing a facility to export liquid natural gas from Tanzania, Statoil Tanzania AS has awarded KBR Inc. (NYSE:KBR) a contract to perform pre-front end engineering and design studies.

As quoted in the market news:

“We are excited to be selected by Statoil for this important project,” said Mitch Dauzat, president, Gas Monetization. “KBR looks forward to working together with Statoil to define their LNG concept for Tanzania.”

KBR has been working with Statoil for more than 30 years and has an outstanding record for successful project execution, predominantly for Statoil’s Gas Processing plants.

Click here to read the full Financial Post report.