Willbros Announces Multiple Awards Valued at $114 Million
WILLBROS GROUP (WG)
Last willbros group earnings: 11/8 04:30 pm
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Source: GlobeNewswire
Oil & Gas awards total $101 millionUTD MSA contract extensions of $13 million HOUSTON, July 31, 2017 (GLOBE NEWSWIRE) -- Willbros Group, Inc. (NYSE:WG) today announced its Oil & Gas segment has executed pipeline and facilities contracts valued at $30 million and has also received a limited notice-to-proceed award which, upon finalization of the contract, has an estimated total value of $71 million. In addition, its Utility T&D segment has finalized extensions of existing Master Service Agreements (“MSA’s”) valued at approximately $13 million. Approximately $20 million of these awards were additions to second quarter 2017 backlog while the remaining $94 million are anticipated to be third quarter 2017 backlog additions. This work consists of: Oil & Gas Segment The Facilities business unit has received a limited notice-to-proceed award to install various manifolds, connect piping and complete necessary tie-ins in southeast Texas. Work has commenced under the notice-to-proceed cap
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