Leidos wins EPC contract with Magellan Midstream Partners


Leidos (NYSE: LDOS) has won a contract from Magellan Midstream Partners LP to provide engineering, procurement, and construction (EPC) services for a condensate splitter at Magellan’s Corpus Christi, Texas, processing and storage terminal.

The condensate splitter is scheduled to be operational in the second half of 2016, and it will enable Magellan to process up to 50,000 barrels per day (bpd) of Eagle Ford condensate received from the Double Eagle pipeline.

Under the contract, Leidos will use its DesignBuild services to design and install the single 50,000-bpd train to process the Eagle Ford condensate feed, yielding products suitable for commercial use or feedstocks for further refining. The splitter’s design includes an allowance for a second potential train to increase output to 100,000 bpd. Leidos will work alongside teaming partner Saulsbury Industries on the construction of the splitter.

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