Source: Willbros Group
Willbros Group, Inc. (NYSE: WG) announced today that its Upstream Oil & Gas segment has been selected by CB&I (NYSE:CBI) to provide engineering, procurement and construction (EPC) of 45 miles of export pipelines associated with a new gas processing plant to be owned and operated by Occidental (NYSE:OXY) of Elk Hills, Inc.
CB&I has been awarded the engineering, procurement and construction of the new processing plant at the Elk Hills oil and gas field in central California. The Willbros portion of the total project is valued in excess of $40 million.
Jerrit Coward, President, Willbros Upstream Oil & Gas, commented, "We are pleased with this award and look forward to executing our portion of this major project for Occidental of Elk Hills, Inc. Our ability to provide integrated EPC solutions adds value for our customers and we view this opportunity as an indication that market conditions continue to improve, resulting in growing demand for our services."