Team JKS scores with $1.7 billion contract

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Team JKS has recently been awarded the $1.7 billion Engineering, Procurement and Construction contract for the Escravos gas-to-liquids project in Nigeria.

recently announced that its Nigerian subsidiary has awarded the Engineering, Procurement and Construction (EPC) contract worth $1.7 billion for the Escravos gas-to-liquids (EGTL) project in Nigeria.

The owners of EGTL, the Nigerian National Petroleum Corporation (NNPC), with 25 percent equity, and Chevron Nigeria (CNL), a subsidiary of ChevronTexaco with 75 percent equity, awarded the EPC contracts to Team JKS, a consortium composed of JGC Corporation of Japan, KBR and Snamprogretti.

"This is a significant step in ChevronTexaco's strategy to grow an integrated global gas business using GTL and liquefied natural gas technologies to commercialise our gas resources and to develop the entire gas value chain," said George Kirkland, ChevronTexaco executive vice president of Upstream and Gas.

John Watson, president of ChevronTexaco Overseas Petroleum, added, "EGTL will help to further unlock the commercial and strategic value of Nigeria's vast natural gas resources for the benefit of the country, its people and the EGTL co-venturers.”

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