For the past several years, the Willbros Group‘s Canada operations have led the company in terms of performance and that trend continues as the company announced has won new contracts expected to generate from C$120 to C$150 million over the next three years.
Willbros Canada has won a three-year preferred supplier agreement for pipeline integrity work with a major Canadian pipeline operator. The scope of the contract is for assessment digs and preventative maintenance work on a network of existing pipeline infrastructure across Western Canada.
Willbros has also won a construction contract for pipeline and off-site fabrication services to support tailings facility requirements at a major oil sands site. The contract is expected to begin in Q3 2015 and be completed by year-end 2016.
“We are very excited to have been awarded the opportunity to work in a long term, multi-year service provider arrangement with a premier client, who values Willbros’ commitment to safe, consistent execution in the field. Our experience in the oil sands has also resulted in additional tailings line work for our Construction and Maintenance group and we are pleased to be recognized for their safe, quality work record,” said Andrew Jack, president of Willbros Canada. “We look forward to continuing to provide timely and relevant services to our customers and demonstrating to them that we are a contractor they can trust and rely upon.”
Willbros Canada serves the oil, gas, refining, petrochemical and power industries, and its offerings include engineering, procurement and construction (either individually or as an integrated EPC service offering), maintenance, facilities development and operations services.
“Our Canada operations have led the company’s performance for the past several years and we are pleased to see that they remain competitive and in good stead with their customer base. We are striving to bring all of Willbros to the level of performance demonstrated by Canada and we have targeted improving our operations, especially in Oil & Gas, where we have restructured the segment and exited the regional model, and strengthening our capital structure. These actions, in addition to reductions in corporate and segment G&A and operational improvements already taken, should not only make Willbros more predictable but also should enhance customer confidence in our long term future,” said John T. McNabb, II, Willbros chairman and CEO.
“Our plan to focus on North American energy infrastructure construction will benefit from the stronger balance sheet and financial flexibility the planned sale of our Professional Services segment will afford us. We continue to believe the completion of this sale can be achieved by the end of the third quarter and will create greater long-term value for Willbros customers and shareholders.”