Willbros Group, Inc. has made a payment of US$32.5 million to West African Gas Pipeline Company Limited (WAPCO) on 30 December, 2014. The company has now pain in full all sums due under the 29 March, 2012, Settlement Agreement with WAPCO.
John T. McNabb, II, Chairman and Chief Executive Officer, commented: "With this matter fully behind us, we now have the flexibility in our credit facility to address the multiple opportunities in energy infrastructure we see ahead of us."
Willbros is a speciality energy infrastructure contractor serving the oil, gas, refining, petrochemical and power industries.
The West African Gas Pipeline Company is considering expanding its pipeline capacity in anticipation of potential new gas sources in Ghana and Nigeria.