On 20 December, Willbros Group, Inc. announced that its Canada segment has been awarded two contracts with an estimated value of US$87 million.
As referenced in Willbros’ 3Q16 conference call, the construction and maintenance business unit formalised an MSA contract that provides for a 5 year extension of an oilsands maintenance agreement. Work will commence under this extension in February 2017. This business unit has also received a written Notice of Award to construct a new 48 in., 8 km pipeline. Construction will begin in January 2017 and is anticipated to be completed during the third quarter of 2017.
Mike Fournier, President and CEO, said: “Receipt of these new Canadian awards in a very competitive environment is encouraging. Across the company, total backlog additions, net of adjustments, since 30 September 2016 now total US$269 million, of which approximately US$115 million is estimated to be earned during the next twelve months. The electrical transmission and distribution markets remain strong and there is renewed optimism and increased bid opportunities in our oil and gas segments.”
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/20122016/willbros-canada-sector-awarded-two-contracts/