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.... ....   Home  |  Cover Stories  |  National Newsreel  |  Politics  |  Business  |  Sports  |  World  | Contact Towards a better life for the people Search The Archives   Cover Stories National News South West Niger Delta South East North Politics Business Sports World Viewpoints Features   ..... NATIONAL NEWS Brass LNG awards engineering, design contract to US firm Monday, November 15, 2004 LAGOS — THE Brass LNG Limited has awarded contract for the Front End Engineering and Design (FEED) of its liquefied natural gas plant. A statement from the company issued at the weekend in Lagos, said that the contract for the LNG plant was awarded to the San-Francisco, United States-based Bechtel. The new LNG plant might be sited in Brass, Bayelsa, the statatement said. According to the statement, the contract signing ceremony took place on Thursday in Houston, Texas, in the United States.The occasion was witnessed by top management staff of the company and representatives of its shareholders. Mr Martin Hutchinson, Managing Director of Brass LNG Limited signed on behalf the company, while Mr Jim Jackson, Senior Vice President of Bechtel signed on behalf of the engineering firm. Speaking at the ceremony, Hutchinson said that FEED would be completed within a 12-month period which the contract was expected to last. "The contract contains a provision for a Nigerian engineering firm, National Engineering and Technical company Limited (a subsidiary of NNPC), to participate in the execution of the FEED contract," Hutchinson said. Jackson expressed thanks to Brass LNG management and shareholders for selecting Bechtel for that very important assignment, and reiterated Bechtel’s commitment towards the execution of the contract on schedule. "This contract award follows the Heads of Agreement (HoA) signed in October 2003 by the shareholders of Brass LNG Limited for the development of the two-train liquefied natural gas facility. The award of the FEED contract has put the project on track towards completion by the second half of 2009," the statement said. Bechtel had carried out conceptual studies for the project, on the viability of an onshore LNG facility to be built near the Brass oil terminal operated by Nigerian Agip Oil Company (NAOC). The statement said that the successful execution of the FEED studies would pave way for the Engineering, Procurement and Construction (EPC) stage of the project which is expected to start in the third quarter of 2006, the statement said.   Home  |  Cover Stories  |  National Newsreel  |  Politics  |  Business  |  Sports  |  World  | Contact © 1998- 2004. Vanguard Media Ltd.

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