Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Ichthys legal spat settled says KBR

© Supplied by ShutterstockWaving flags in Australia
Waving flags in Australia

KBR said it expects to receive a total of $271 million under a tentative settlement with a consortium that included GE and Australian construction giant CIMIC Group in a contract dispute over work at the Inpex-operated Ichthys project in Australia.

Under the terms of the proposed settlement, the US-based construction and oilfield services company is set to receive $203 million later this month and the remaining $68 million next March.

KBR was part of joint venture company JKC, which also consists of Chiyoda and JGC, that was involved in the construction of the giant Ichthys liquefied natural gas (LNG) export project in northern Australia.

The settlement agreement remains conditional and the outstanding arbitration between JKC and a consortium, comprising CIMIC, GE, and CH2M Hill Australia, is proceeding until the conditions are satisfied, said KBR.

Separately, CIMIC confirmed the settlement relating to a power plant construction contract at Ichthys that was terminated in January 2017. Arbitration hearings were due to start tomorrow.

CIMIC said it will pay an amount of A$192.5 million ($144 million) this month and A$300 million in March 2023 to the JKC consortium.

Recommended for you

More from Energy Voice

Latest Posts