KBR wins US Oil Sands contract

KBR+offices21 January 2014, News Wires – Utah-focused US Oil Sands has awarded engineering and construction company KBR a contract on its PR Springs oil sands project.

KBR will provide project and construction management services on the project to bring both the extraction facilities and mine development into commercial production.

“We will be able to draw on KBR’s significant oil sands, mining, equipment module and plant construction experience to ensure that budgets and timelines are tightly controlled and that the project is delivered in accordance with our shareholder’s expectations,” US Oil Sands chief executive Cameron Todd said.

“We remain 100% committed to making this flagship oil sands project one that the state of Utah will be proud of, especially as it relates to environmental leadership, sustainable energy development, and beneficial economic contribution for the citizens of Utah.”

Upstream reported last week that US Oil Sands had pushed back the startup of the first phase of development until 2015 after delays in securing a farm-in partner for the project.

Start-up of the project’s 2000 barrel per day phase one was initially expected to begin in late 2013 but US Oil Sands, which began its search for a partner in 2012, did not secure financing until October last year in a deal which will see three investors provide $81 million in private financing in exchange for about a 65% interest in the company.


– Upstream

About the Author