Willbros Awarded $200 Million in New Contracts
Willbros Group reports that units in West Africa and the United States have been awarded new contracts which are expected to generate approximately $200 million in new revenue. The Company expects to report a third consecutive new record backlog of over $750 million at the end of the first quarter 2005.
Willbros West Africa, Inc., the Company's construction unit with operations based in Port Harcourt, Nigeria, has been awarded an engineering, procurement and construction ("EPC") contract to design, fabricate, install and provide other additional services necessary to furnish a new pipeline system for Chevron Nigeria Limited in the Escravos producing area of Nigeria. The scope of the project includes installation of 24-inch infield and export pipelines, a 20-inch infield pipeline, a 10-inch infield line, and a power cable. The pipelines will interconnect platforms and the Escravos Gas Plant. The 24-inch export pipeline includes the installation of a pipeline end manifold and a catenary anchor leg export mooring ("CALM"). Engineering and procurement activities have begun, and the project is expected to move to the field in late 2005. Completion is scheduled for the first quarter of 2007.
Willbros Mt. West, with offices in Fruita, Colorado was recently awarded an EPC contract by Cheyenne Plains Gas Pipeline Co. for its Sand Dune Amine Gas Processing Plant located in Kiowa County, Kansas. The plant will be designed to process 110 mmscfd of natural gas to be carried on the Cheyenne Plains Gas Pipeline and is scheduled for completion in the fourth quarter 2005. Willbros Mt. West has also been awarded a contract by Kinder Morgan for works associated with its East Line Expansion project. The contract for construction services encompasses all civil, electrical and mechanical works supporting the installation of nine tanks, 50,000 bbl to 80,000 bbl each, and ancillary equipment for a grassroots breakout tank farm near El Paso, Texas; additions and improvements at two existing terminals near Phoenix and Tucson, Arizona; additional capacity at one existing pump station and demolition at two others located in Texas, New Mexico and Arizona. The project is scheduled for completion in 2006. Willbros Mt. West has also been awarded a contract in the Rocky Mountain region by Encana Gas Gathering for the Middle Fork Compressor Station, a field booster station to include three field boosters, liquid collection facilities and ancillary equipment. This project is scheduled to be completed in late 2005.
Willbros RPI, Inc., Houston, Texas, has been awarded a contract by
Enterprise Products for the construction of 22 miles of liquids pipeline from
the BP refinery in Texas City, Texas to an interconnection near Friendswood,
Texas with an existing Enterprise pipeline, which will transport the natural
gas liquids to Mont Belvieu for further fractionation. The project will
commence in May and completion is scheduled for August 2005.
- DeKraai Named to Willbros Board (Nov 28)
- Willbros Completes Public Offering (Nov 21)
- Willbros' Outstanding Convertibles Senior Notes Become Convertable (Aug 15)