IMV to Provide Construction Management Services to StatoilHydro’s Northern Alberta Thermal Heavy Oil Plant

abarrelfullabarrelfull wrote on 04 Mar 2014 08:24

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January 29, 2008

IMV Projects (“IMV”), part of international energy services company John Wood Group PLC (“Wood Group”), has been awarded a C$15million contract by StatoilHydro (NYSE:STO, OSE:STL) to provide construction management services for a grass roots steam-assisted gravity drainage (SAG-D) heavy oil plant to be built in the Athabasca region of Northern Alberta.

The new thermal heavy oil plant, a demonstration project to be located at Leismer, will have a capacity of 10,000 – 20,000 barrels of produced bitumen per day. First production is expected in late 2009.

“IMV is pleased to have been selected by StatoilHydro to support its first Canadian in-situ heavy oil project,” said Ivan Velev, president of IMV. “This contract builds upon IMV’s proven track record of leading expertise for in-situ heavy oil developments.”

IMV recently completed engineering, procurement and construction management (EPCM) services for a similar project in Alberta’s Cold Lake
region that included serving as prime construction contractor. IMV completed that job with 1.1 million man hours, in the field and office, with
zero lost-time recordable incidents.

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