EQNR - KBR wins front-end engineering design contract for Equinor Bay du Nord FPSO

2023-04-03 09:51:30 ET

KBR ( NYSE: KBR ) said Monday it received a letter of intent from Equinor ( EQNR ) for the front-end engineering design of the topside facilities of the new Bay Du Nord floating production, storage, and offloading facility to be located offshore Newfoundland, Canada; financial details were not provided.

KBR ( KBR ) said the agreement includes an option for continuation of detailed design and procurement management services through to final completion of the FPSO.

The FEED scope follows the pre-FEED engineering carried out by KBR ( KBR ) in 2022 and will further advance the engineering and execution planning, working towards a final investment decision with first production expected in the late 2020s.

KBR ( KBR ) can continue to outperform, with revenue growth driven by strong end-market demand, longer-term secular trends, government stimulus programs, and M&A, GS Analytics writes in a report published on Seeking Alpha .

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