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Share Price Information for BP (BP.)

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Share Price: 491.05
Bid: 491.05
Ask: 491.15
Change: -5.90 (-1.19%)
Spread: 0.10 (0.02%)
Open: 491.70
High: 492.10
Low: 485.55
Prev. Close: 496.95
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BP awards FEED contracts for Indonesian LNG project

Wed, 22nd Oct 2014 09:21

LONDON, Oct 22 (Reuters) - BP said on Wednesday it hadawarded the onshore front-end engineering and design (FEED)contracts for the $12 billion Tangguh LNG expansion project totwo Indonesian consortiums.

BP and its Tangguh partners also signed a sales and purchaseagreement with Indonesia's state-owned electricity company tosupply up to 1.5 million tonnes of liquefied natural gas (LNG)per year from 2015 to 2033.

The expansion of the Tangguh LNG project is expected to add3.8 million tonnes per year (mtpa) liquefaction capacity toTangguh, bringing capacity to 11.4 mtpa, BP said.

The onshore FEED is planned for 12 months covering the newLNG train, LNG jetty and associated infrastructure.

The first group that was awarded the FEED contract includesTripatra Engineers and constructors, Tripatra Engineering,Chiyoda International Indonesia, Saipem Indonesia, Suluh ArdhiEngineering and Chiyoda Corporation Consortium.

The second group is made up of Rekayasa Industri, JGCCorporation, KBR Indonesia and JGC Indonesia Consortium, BP saidin a statement.

(Reporting by Ron Bousso; editing by Jason Neely)

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