Willbros wins additional projects for Canada and oil and gas segments

Source: Willbros Group

Willbros Oil & Gas announced that its Canada segment has won a project to add API tank storage capacity in Alberta. The EPC project includes engineering, procurement and construction of approximately 150,000 barrels of additional storage at an existing facility.

Willbros Group, Inc. (NYSE: WG) announced that its Canada segment has won a project to add API tank storage capacity in Alberta. The EPC project includes engineering, procurement and construction of approximately 150,000 barrels of additional storage at an existing facility. The scope of work includes civil site preparation and tank supply and erection. Willbros Oil & Gas has won a similar assignment with the same client in the Northern Plains for approximately 900,000 barrels of additional storage. Site work has begun and project completion is scheduled for the third quarter of 2016.

Willbros announced that its oil and gas segment has also won a cross-country pipeline project to construct approximately 60 miles of 10-inch pipeline. The project, to expand capacity on an existing system, begins in Panola County, Texas and ties in to the existing system in Angelina County, Texas. The project is underway now and completion is scheduled for the first quarter of 2016. The oil and gas segment has also won a project in King County, Texas to construct a steel pipeline to transport crude oil to the existing Benjamin Station. The scope of this project is for construction of the launcher at the Hunt initiation site and the carrier pipeline up to the receiver at Benjamin Station, an 80,000 barrel breakout tank and modifications to accommodate increased flow. The project is scheduled to be completed in December 2015.

Michael J. Fournier, President and Chief Operating Officer, commented, "These awards give us greater visibility through the end of 2015 and into 2016 in both our Canada and oil and gas segments. The projects fit our skill sets, experience and available capacity very well and we are pleased that our clients have recognized the value we can bring to their important projects. Our actions to re-invigorate our oil and gas businesses are producing new project wins and opportunities and we expect to continue to rebuild backlog through 2015 and into 2016."

Willbros is a specialty energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries.

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