Shell updates Kashagan Phase II contract

Shell Development Kashagan has awarded a joint venture of CB&I, WorleyParsons and Aker Solutions, an updated front-end engineering and design (FEED) services contract for Phase II of the full-field development of the Kashagan oil field offshore Kazakhstan.

Offshore staff


THE WOODLANDS, Texas -- Shell Development Kashagan has awarded a joint venture of CB&I, WorleyParsons and Aker Solutions, an updated front-end engineering and design (FEED) services contract for Phase II of the full-field development of the Kashagan oil field offshore Kazakhstan.

The updated contract, valued at $293 million, replaces an earlier $138-million contract awarded at the end of 2008.

The contract includes FEED work for both onshore and offshore facilities and pipelines, with options for early works, detail engineering, procurement services, technical assistance, and design/system integrity. Work on the project started in November 2008 and should be completed during spring 2011.

Shareholders in the joint venture company K-WAC Ltd. are: CB&I (25%), WorleyParsons Europe Ltd. (45%), and Aker Engineering & Technology AS (30%).

4/23/2010

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