Willbros Announces Awards Valued at $68 Million
WILLBROS GROUP (WG)
Last willbros group earnings: 11/8 04:30 pm
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US:NYSE Investor Relations:
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Source: GlobeNewswire
Oil & Gas awards total $50 million UTD contract extensions of $18 million HOUSTON, June 22, 2017 (GLOBE NEWSWIRE) -- Willbros Group, Inc. (NYSE:WG) today announced its Oil & Gas segment has executed two contracts and its Utility T&D segment has finalized multiple extensions of existing Master Service Agreements (“MSA”). Oil & Gas Segment The first award is to construct approximately 24 miles of pipeline, ranging predominantly in size from 20” to 30”, in the Northeast. Construction is expected to commence early in the third quarter of 2017 with completion by the end of the year. This segment has also been selected to construct five new booster stations in the Midwest. This facility work will commence immediately and is expected to be completed during the second quarter of 2018. These awards, with an estimated value of $50 million, will be added to backlog during June 2017. Utility T&D Segment Multiple MSA extensions, varying in length from 1 to 2 years, have been executed a
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