Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Liabilities

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Accounts Payable and Accrued Liabilities
3 Months Ended
Mar. 31, 2017
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities

NOTE 7 — ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

The components of accounts payable and accrued liabilities consist of the following (in thousands):

 

                                                             
     March 31, 2017     December 31, 2016  

Engineering, procurement and construction

   $ 851     $ 12,549  

Payroll and compensation

     8,512       6,311  

Professional services (e.g. legal, audit)

     4,363       2,323  

Other

     5,908       3,220  
  

 

 

   

 

 

 

Total accounts payable and accrued liabilities

   $ 19,634     $ 24,403  
  

 

 

   

 

 

 

Engineering, Procurement and Construction

In February 2016, Tellurian Investments engaged Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) to complete FEED work for the Driftwood terminal, and in June 2016, Tellurian Investments engaged Bechtel to complete FEED work for the Driftwood pipeline. Accounts payable and accrued liabilities for engineering, procurement and construction costs relate primarily to our contracts for FEED services with Bechtel as well as subcontractors working on the project.