KBR announces LOI from Equinor for Bay Du Nord topside facilities FEED

KBR (KBR) announced that its Canadian entity, KBR Industrial Canada Co., has received a letter of intent, or LOI, from Equinor Canada (EQNR) for the front-end engineering design, or FEED, of the topside facilities of the new Bay Du Nord floating production, storage, and offloading facility, or FPSO, to be located offshore Newfoundland, Canada. The agreement also includes an option for continuation of detailed design and procurement management services through to final completion of the FPSO. The FEED scope comes on the back of the pre-FEED engineering carried out by KBR in 2022 and will further mature the engineering and execution planning, working towards a final investment decision with first production expected to be in the late 2020s.