HOUSTON, Sept. 28, 2015 /PRNewswire/ -- Willbros Group, Inc. (NYSE: WG) today 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 & 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 & 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 & 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 & 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. Our offerings include engineering, procurement and construction (either individually or as an integrated EPC service offering), maintenance, facilities development and operations services. For more information on Willbros, please visit our web site at www.willbros.com.
This announcement contains forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments the Company expects or anticipates will or may occur in the future, are forward-looking statements. A number of risks and uncertainties could cause actual results to differ materially from these statements, including unanticipated accounting or other issues regarding any material weaknesses in internal control over financial reporting; inability of the Company or its independent auditor to confirm relevant information or data; inability to complete the planned sale of the Professional Services segment or other discrete assets; inability to timely collect contractually due receivables; unanticipated issues that prevent or delay the Company's independent auditor from completing its review of financial statements or that require additional efforts, procedures or review; the untimely filing of financial statements; pending and potential investigations and lawsuits; the identification of one or more issues that require restatement of one or more other prior period financial statements; ability to remain in compliance with, or obtain waivers under, the Company's existing loan agreements; ability to dispose of businesses and assets in a timely manner at reasonable valuations; the existence of other material weaknesses in internal control over financial reporting; contract and billing disputes; new legislation or regulations detrimental to the economic operation of refining capacity in the United States; availability of quality management; availability and terms of capital; changes in, or the failure to comply with, government regulations; the promulgation, application, and interpretation of environmental laws and regulations; future E&P capital expenditures; oil, gas, gas liquids, and power prices and demand; the amount and location of planned pipelines; poor refinery crack spreads; delay of planned refinery outages and upgrades and development trends of the oil, gas, power, refining and petrochemical industries; as well as other risk factors described from time to time in the Company's documents and reports filed with the SEC. The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
Michael W. Collier
SVP Investor Relations
Marketing & Communications
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SOURCE Willbros Group, Inc.