Keyera Partnership Signs Sour Gas Processing Plant Agreement with Jacobs
June 14 2017 - 7:45AM
Business Wire
Agreement boosts Jacobs’ presence in Canada’s
midstream industry
Jacobs Engineering Group Inc. (NYSE:JEC) has signed an
engineering services agreement with Keyera Partnership (TSX:KEY),
which operates one of the largest independent midstream energy
companies in Canada. The company services oil and gas
producers in Western Canada and transports natural gas liquids such
as propane, ethane, butane, condensate and iso-octane to markets
throughout North America.
The new agreement enables Jacobs to provide engineering services
for the Wapiti Liquids Handling & Gas Processing Facility, a
key part of Keyera’s Wapiti Development project for constructing a
natural gas gathering and processing complex in the Wapiti area
south of Grand Prairie, Alberta.
At full build-out of both phases of the project, the new
facility is expected to process up to 300 million cubic feet of
sour gas and 25,000 barrels of field condensate per day. Keyera is
also looking at the possibility of connecting the new complex to
its existing Montney asset base and network, further diversifying
its service offering in the region.
“This agreement marks a significant milestone for Jacobs to
leverage our presence in the midstream industry in Canada, and
increase our market share and potential for growth in this sector,”
said Jacobs Senior Vice President, Oil & Gas, Bassim Shebaro.
“Understanding Keyera’s already impressive gas gathering and
processing business, this contract could be the start of a mutually
beneficial long-term relationship.”
Jacobs will support this deal from its Calgary office, which
represents the company’s center of excellence in North America for
natural gas liquids, gas treating and processing and sulfur
solutions, delivering innovation and value for our upstream and
midstream clients.
Jacobs is one of the world’s largest and most diverse providers
of full-spectrum technical, professional and construction services
for industrial, commercial and government organizations globally.
The company employs 54,000 people and operates in more than 25
countries around the world.
Statements made in this release that are not based on historical
fact are forward-looking statements. We base these forward-looking
statements on management’s current estimates and expectations as
well as currently available competitive, financial and economic
data. Forward-looking statements, however, are inherently
uncertain. There are a variety of factors that could cause business
results to differ materially from our forward-looking statements.
For a description of some of the factors which may occur that could
cause actual results to differ from our forward-looking statements
please refer to our Form 10-K for the year ended September 30,
2016, and in particular the discussions contained under Items 1 -
Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 -
Management's Discussion and Analysis of Financial Condition and
Results of Operations. We do not undertake to update any
forward-looking statements made herein.
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version on businesswire.com: http://www.businesswire.com/news/home/20170614005040/en/
Jacobs Engineering Group Inc.Salim Rahimi, 214.583.8428
Jacobs Engineering (NYSE:JEC)
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