Feed Study Agreement

FEE methodology:[3] FEE is a way to review a project before completing the detailed design. There is no defined way to conduct a frontal engineering study. Typically, FEE requires an engineer or group of engineers to thoroughly and logically review a proposed project. FEE is basic engineering, which comes after concept design or feasibility study. The fee design focuses on the technical requirements and gross investment costs of the project. The FEE can be divided into separate packages covering different parts of the project. The FEE package will serve as the basis for the call for tenders for execution phase contracts (EPC, EPCI, etc.) and will serve as a design basis. For more than 40 years, KBR has been considered a pioneer in the LNG sector and designs and builds a third of the world`s LNG production. KBR, Inc.KBR is a global provider of differentiated professional services and technologies throughout the lifecycle of facilities and programs in the areas of government services and hydrocarbons. At KBR, we deliver. Visit www.kbr.com FEED (Front End Engineering Design) means basic engineering, which will be carried out at the end of the conceptual or feasibility study. During this phase, before the start of epc (Engineering, Procurement and Construction), various studies are underway to identify technical problems and estimate investment costs.

This work is normally awarded to EPC contractors such as Chiyoda in the form of an optional contract or a call for tenders. The product of the activity is called “FEED package”, which amounts to dozens of files and is the basis of the offers for EPC-Contract.It, to reflect without error the intentions of the customer and the specific requirements of the project in the FEED package, in order to avoid any significant changes during the EPC phase. . . .

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