Willbros U.S. Construction has been awarded an installation contract for the construction of three segments of the Midcontinent Express Pipeline by Midcontinent Express Pipeline LLC, a joint venture between Kinder Morgan Energy Partners and Energy Transfer Partners. The three segments will traverse Oklahoma and Texas and are comprised of approximately 257 miles of 42-inch pipeline. The projected start date for the project is third quarter 2008.
Also in the United States, Willbros Engineering has been awarded contracts for front-end engineering by Colonial Pipeline and additional capital project engineering activities for BP Pipelines (North America) Inc.
In Canada, Willbros has been awarded a construction contract by Suncor for pipeline and civil works associated with the Steepbank Extraction Plant. SEP is a new extraction facility to allow for the mining of a new area of the Suncor lease in the Fort McMurray region. The award includes interconnecting pipelines, ranging from 4-inch to 42-inch diameter, to the new extraction facility. The project is scheduled to begin in July 2007.
The aggregate value of these contracts, which have components, which are not yet fully defined, is expected to range from $350-400 million.
Randy Harl, President and Chief Executive Officer of Willbros, commented, "These new contracts, which enable us to continue the build of quality backlog in North America, are more evidence of the improving visibility we have into 2008 and 2009. Our Engineering activity remains resource constrained, but we are expecting our new presence in Kansas City to enable us to meet our customers' expectations. We have always viewed the level of engineering activity as a precursor to construction activity and we believe current levels augur well for our business. We will continue to investigate markets in North Africa and the Middle East, where we expect to see an increase in the amount of pipeline infrastructure build out in the next 12-18 months."
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