Willbros Awarded Large Diameter Pipeline Project

abarrelfullabarrelfull wrote on 14 Nov 2013 07:34
Tags: n-america netmidstream pipeline usa willbros

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Willbros Group, Inc. (NYSE: WG) announced today that it has been awarded a contract by NET Mexico Pipeline Partners, LLC to construct the NET Mexico Pipeline. The scope of work includes construction of approximately 120 miles of 42-inch diameter natural gas pipeline from a location near Agua Dulce, Nueces County, Texas, to a delivery point near the City of Rio Grande, Starr County, Texas. The project will include ancillary facilities commencing at a point of interconnection with the Los Ramones Project. Construction will begin in February 2014 and be completed in October 2014.

Randy Harl, President and Chief Executive Officer, commented, "Our bidding philosophy has focused on the capture of high quality backlog. Our patience and discipline is now producing new backlog for our pipeline construction offering which fits our capabilities well and offers the potential for improved margins. This project fits our template with respect to risk and pricing and we now have strong visibility throughout 2014 for pipeline construction. We are pleased to have been selected by NET for this important project."

NET Mexico Pipeline Partners is a subsidiary of NET Midstream, LLC, a privately held natural gas midstream and marketing company, founded in 1996. In addition to NET Mexico Pipeline, NET Midstream operates six pipeline systems in the Eagle Ford Shale, Houston and Corpus Christi. More information can be found at the company's website, www.netmidstream.com.

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