KBR (KBR) Awarded FEED Contract by Chevron USA
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KBR (NYSE: KBR) has been awarded a contract by Chevron USA Inc. (NYSE: CVX) for the front-end engineering and design (FEED) of the topsides for the proposed Big Foot development facility. The Big Foot field is located in the Walker Ridge Block 29 of the Gulf of Mexico and is owned by Chevron USA Inc. (operator), Statoil Gulf of Mexico LLC and Marubeni Oil & Gas (USA) Inc. The proposed facility will be installed in 5,300 feet of water approximately 200 miles from New Orleans and 35 miles south of Chevron's producing Tahiti field.
The goal is to develop Big Foot with a dry-tree floating drilling and production facility. The hull would be an extended tension leg platform (ETLP), and the topside oil and gas processing facilities would include inlet separation, gas compression, dehydration and export, oil treatment and export pumping, produced water treatment, and required utility systems.
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