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Released June 02, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Global engineering and consultation leader WorleyParsons (North Sydney, Australia) is involved in more than $166 billion in active projects worldwide, according to Industrial Info's Project Platform, including more than $24 billion in U.S. and Canadian projects that have reached advanced engineering or construction phases. The bulk of these projects are in the Oil & Gas Production, Chemical Processing, and Metals & Minerals industries.
These projects that are under or nearing construction include nearly $4.5 billion worth at natural gas-fired facilities, such as Panda Power Funds' (Dallas, Texas) $1.2 billion Mattawoman Generating Station in Brandywine, Maryland. The natural gas-fired, combined-cycle (NGCC) power plant is designed to generate 990 megawatts (MW) from a pair of combustion turbines and a steam turbine, all provided by Siemens AG (Paris, France). Site preparation began in last year's third quarter, and completion currently is set for late 2019. Bechtel Group Incorporated (San Francisco, California) is among the other companies contracted to the project. For more information, see Industrial Info's project report.
In addition to its work in the natural gas-fired market, WorleyParsons is engineering retrofits at coal-fired facilities to reduce their emissions. American Electric Power Company (NYSE:AEP) (AEP) (Columbus, Ohio) named WorleyParsons as engineer on its $130 million retrofit of Unit 1 at Rockport Power Station in Rockport, Indiana, which is expected to wrap up this summer, and its $235 million retrofit of Rockport's Unit 2, which is in its engineering phase and is expected to kick off next year. Selective catalytic reduction (SCR) equipment is being installed on boilers from Babcock & Wilcox (NYSE:BW) to reduce nitrogen oxide emissions. For more information, see Industrial Info's project reports on Unit 1 and Unit 2.
NANA WorleyParsons LLC, an Alaska-based subsidiary, is performing engineering services for ConocoPhillips' (NYSE:COP) (Houston, Texas) $900 million Greater Moose's Tooth Unit 1 addition at the Alpine Oil & Natural Gas Central Processing Plant in Nuiqsut, Alaska. Initially, ConocoPhillips will drill eight wells, but the company is planning for 33 production and injection wells in the longer term, in addition to a gathering pipeline with a capacity of 20,000 to 25,000 barrels per day (BBL/d). The project kicked off early this year, and is expected to wrap up in the late summer of 2019. For more information, see Industrial Info's project report.
Earlier this year, the project got a boost when ConocoPhillips announced a new oil discovery on its leases in Greater Moose's Tooth area that could produce up to 100,000 BBL/d, according to Alaska Dispatch News. The corporation acquired the property from state and federal lease sales in December 2016.
On the other side of the continent, WorleyParsons' Canadian subsidiary is performing engineering, procurement and construction (EPC) services for Exxon Mobil Corporation's (NYSE:XOM) (Irving, Texas) Hebron Offshore Crude Oil Production Platform in Labrador Sea, offshore Newfoundland and Labrador. The massive project includes a $3 billion topsides construction, a $1 billion subsea development and a $200 million subsea tieback and offloading system. Hebron is expected to produce 150,000 BBL/d of crude oil, with a possible future expansion to 180,000 BBL/d; for more information, see Industrial Info's project reports on the topsides, subsea development, and tieback and offloading system; April 11, 2017, article - SNC-Lavalin Adds ExxonMobil Offshore-Drilling Venture to $113 Billion in EPC Projects; and May 2, 2017, article - ExxonMobil Readies for Gulf Coast Startups.
The Canadian subsidiary also is an EPC contractor on North West Redwater Partnership's (Redwater, Alberta) $1 billion in offsite additions for Sturgeon Refinery in Redwater, Alberta, which is expected to wrap up later this year. The first phase of an $8 billion upgrade, the additions will support Canada's first new refinery in three decades, according to Bloomberg Markets. Sturgeon Refinery is expected to turn oil-sands bitumen into 40,000 barrels a day of diesel by the end of 2017. For more information, see Industrial Info's project report.
Japan Canada Oil Sands (JACOS) Limited contracted WorleyParsons to perform engineering services at its $900 million Hangingstone bitumen production facility near Fort McMurray, Alberta. The complex comprises 60 dual-horizontal well pairs and a central production plant that will produce and process 20,000 BBL/d of bitumen, utilizing Steam Assisted Gravity Drainage (SAGD) technology. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
These projects that are under or nearing construction include nearly $4.5 billion worth at natural gas-fired facilities, such as Panda Power Funds' (Dallas, Texas) $1.2 billion Mattawoman Generating Station in Brandywine, Maryland. The natural gas-fired, combined-cycle (NGCC) power plant is designed to generate 990 megawatts (MW) from a pair of combustion turbines and a steam turbine, all provided by Siemens AG (Paris, France). Site preparation began in last year's third quarter, and completion currently is set for late 2019. Bechtel Group Incorporated (San Francisco, California) is among the other companies contracted to the project. For more information, see Industrial Info's project report.
In addition to its work in the natural gas-fired market, WorleyParsons is engineering retrofits at coal-fired facilities to reduce their emissions. American Electric Power Company (NYSE:AEP) (AEP) (Columbus, Ohio) named WorleyParsons as engineer on its $130 million retrofit of Unit 1 at Rockport Power Station in Rockport, Indiana, which is expected to wrap up this summer, and its $235 million retrofit of Rockport's Unit 2, which is in its engineering phase and is expected to kick off next year. Selective catalytic reduction (SCR) equipment is being installed on boilers from Babcock & Wilcox (NYSE:BW) to reduce nitrogen oxide emissions. For more information, see Industrial Info's project reports on Unit 1 and Unit 2.
NANA WorleyParsons LLC, an Alaska-based subsidiary, is performing engineering services for ConocoPhillips' (NYSE:COP) (Houston, Texas) $900 million Greater Moose's Tooth Unit 1 addition at the Alpine Oil & Natural Gas Central Processing Plant in Nuiqsut, Alaska. Initially, ConocoPhillips will drill eight wells, but the company is planning for 33 production and injection wells in the longer term, in addition to a gathering pipeline with a capacity of 20,000 to 25,000 barrels per day (BBL/d). The project kicked off early this year, and is expected to wrap up in the late summer of 2019. For more information, see Industrial Info's project report.
Earlier this year, the project got a boost when ConocoPhillips announced a new oil discovery on its leases in Greater Moose's Tooth area that could produce up to 100,000 BBL/d, according to Alaska Dispatch News. The corporation acquired the property from state and federal lease sales in December 2016.
On the other side of the continent, WorleyParsons' Canadian subsidiary is performing engineering, procurement and construction (EPC) services for Exxon Mobil Corporation's (NYSE:XOM) (Irving, Texas) Hebron Offshore Crude Oil Production Platform in Labrador Sea, offshore Newfoundland and Labrador. The massive project includes a $3 billion topsides construction, a $1 billion subsea development and a $200 million subsea tieback and offloading system. Hebron is expected to produce 150,000 BBL/d of crude oil, with a possible future expansion to 180,000 BBL/d; for more information, see Industrial Info's project reports on the topsides, subsea development, and tieback and offloading system; April 11, 2017, article - SNC-Lavalin Adds ExxonMobil Offshore-Drilling Venture to $113 Billion in EPC Projects; and May 2, 2017, article - ExxonMobil Readies for Gulf Coast Startups.
The Canadian subsidiary also is an EPC contractor on North West Redwater Partnership's (Redwater, Alberta) $1 billion in offsite additions for Sturgeon Refinery in Redwater, Alberta, which is expected to wrap up later this year. The first phase of an $8 billion upgrade, the additions will support Canada's first new refinery in three decades, according to Bloomberg Markets. Sturgeon Refinery is expected to turn oil-sands bitumen into 40,000 barrels a day of diesel by the end of 2017. For more information, see Industrial Info's project report.
Japan Canada Oil Sands (JACOS) Limited contracted WorleyParsons to perform engineering services at its $900 million Hangingstone bitumen production facility near Fort McMurray, Alberta. The complex comprises 60 dual-horizontal well pairs and a central production plant that will produce and process 20,000 BBL/d of bitumen, utilizing Steam Assisted Gravity Drainage (SAGD) technology. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
