Oil, Gas & Chemicals
Year-end 2015 saw crude-oil prices fall to less than $35 per barrel. We anticipate continued pressure on the industry and on our customers—“lower for longer”—forcing restrictions on capital expenditures.
Through our collaboration with ConocoPhillips and other partners, we remain the leading engineering, procurement, and construction contractor in the LNG market, particularly for large, complex projects. In 2015, we expanded our LNG capabilities to deliver concept-to-startup solutions for any size and type of LNG development. Further, we entered into an exclusive partnership with Chart Energy & Chemicals to design and build floating LNG process facilities using Chart’s IPSMR® liquefaction technology.
EXPERTISE MATTERS: TEAM COMMITMENT
“The Sabine Pass Liquefaction project committed to a goal of early completion of Train 1. The entire team agreed it was achievable, understood it would take hard work and dedication on everyone’s part to be successful, and was accountable to our commitments.” —Todd G.
Select New Projects and Milestones
LIQUEFIED NATURAL GAS (LNG), OFFSHORE AND TANKS
Tilbury LNG, Canada
We were awarded a contract to expand the Tilbury LNG facility in British Columbia for FortisBC. The expansion will allow FortisBC to provide LNG supply for industrial users and remote communities, bringing economic development and jobs to British Columbia.
Sabine Pass Liquefaction, United States
Cheniere Energy Partners’ Sabine Pass gas liquefaction facility in Louisiana, the first complex to liquefy and export natural gas from the United States in more than 40 years, went into commissioning and startup in December. The Sabine Pass facility includes five liquefaction trains, each having a production capacity of approximately 4.5 million metric tons per year.
Corpus Christi Liquefaction, United States
Bechtel is designing and building the first greenfield export facility in the United States. The project—which includes two liquefaction trains, two storage tanks, two vessel docks, and a 22-mile (35-kilometer) natural gas supply pipeline—will have an expected aggregate production capacity of 9 million metric tons per year.
Delfin Floating LNG, United States
Delfin LNG selected Bechtel to perform front-end engineering and design for the first offshore floating natural gas liquefaction vessel in the United States. The vessel will go into service at Port Delfin, a proposed deepwater port 50 miles (80 kilometers) off the coastline of Louisiana.
Onshore, Petrochemicals and Pipeline
PTTGC Petrochemical Complex, United States
The American subsidiary of Thai PTT Global Chemicals selected a consortium of Bechtel, JGC America, and Samsung Engineering America to perform front-end engineering and design for a new petrochemical complex in Belmont County, Ohio.
Gulf MP Company Ltd. Pipelines, Thailand
We were selected by Gulf MP Company Ltd. of Thailand to manage construction of a dozen new pipelines and receiving stations that will feed gas into a network of planned power generation facilities.
Project Engineering and Service Group of Pertamina, Indonesia
We entered into a master services agreement with Pertamina of Indonesia to provide engineering and project development services for the development of new refineries and capacity improvement of existing refineries.
Liwa Plastics, Oman
Oman Oil Refineries and Petroleum Industries Company chose Bechtel to provide integrated project management services for the Liwa Plastics project in Sohar, Oman.
In November 2015, Bechtel handed over the Queensland Curtis LNG (QCLNG) plant to customer BG Group, completing the transition from construction to permanent operations, and signaling the beginning of commercial operations. QCLNG is the first of three plants being built simultaneously by Bechtel on Curtis Island to reach full operations.
The historic megaproject construction program—QCLNG, Gladstone LNG (GLNG), and Australia Pacific LNG (APLNG)—is part of the largest concentration of private capital investment in Australia’s history. When all three plants become fully operational in 2016, Curtis Island will produce approximately 25 million metric tons of LNG annually, accounting for roughly 8 percent of global LNG production and making Queensland a significant contributor to reducing global electricity-related greenhouse gas emissions.
The coal seam gas LNG industry in Queensland is expected to generate some 18,000 new jobs and contribute more than $3 billion to the state’s economy.
“I would like to thank our partner, Bechtel, for building this world-first facility and helping to establish the LNG industry on the east coast of Australia.”Helge Lund Chief Executive Officer, BG Group