Source: Willbros Group
Willbros Group, Inc. (NYSE: WG) has been awarded the construction contract for a portion of the Acadian Haynesville Extension Project, a natural gas pipeline being developed by Acadian Gas LLC, a jointly owned subsidiary of Enterprise Products Partners L.P. and Duncan Energy Partners L.P. The 270-mile project, which expands the existing Acadian Gas Pipeline System, will originate in Red River Parish, LA, southeast of Shreveport, and will terminate near Donaldsonville, LA.
The Acadian Haynesville Extension Project has been divided into three major segments. Willbros has been awarded the construction of Segment 1 which includes approximately 106 miles of 42-inch pipeline, 2.5 miles of 36-inch pipeline and 2.5 miles of 20-inch pipeline. Segment 1 will originate in the northwest portion of Red River Parish, traverse through DeSoto and Natchitoches Parishes and terminate near Boyce, LA. Construction on Segment 1 is expected to begin in February 2011 with completion in August 2011.
Randy Harl, President and Chief Executive Officer, remarked, "We are very pleased to have the opportunity to work with Enterprise as they expand their midstream energy assets. This award is significant for Willbros as it not only improves visibility for our U.S. Construction business unit, but it also reinforces our strategy to leverage our core competencies to perform large capital projects while expanding our regional capabilities. We believe the improvements we have made to our systems and processes over the past few years enable us to deliver superior execution for our customers at competitive pricing."
When completed, the Acadian Haynesville Extension pipeline will be operated by Acadian Gas LLC, which is owned 66 percent by Duncan Energy Partners and 34 percent by Enterprise Products Partners.
Willbros Group, Inc. is an independent contractor serving the oil, gas, power, refining and petrochemical industries, providing engineering, construction, turnaround, maintenance, life cycle extension services and facilities development and operations services to industry and government entities worldwide.