WSP Global's $12.7 Billion in Active Projects Fueled by Oil Sands, Mining, Transport

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Researched by Industrial Info Resources (Sugar Land, Texas)--WSP Global Incorporated (Montreal, Quebec), a global provider of engineering, procurement and construction (EPC) services, is involved in more than $12.7 billion worth of active projects, according to Industrial Info's project database. The projects are spread across five continents and include $3.5 billion worth that are expected to begin or finish construction in 2018. More than $11.3 billion are found in just four industries: Power Generation, Metals & Minerals, Oil & Gas Production and Industrial Manufacturing.

WSP's Oil and Gas subsidiary is at work on several projects in Canada's oil sands fields, including three for Husky Energy Incorporated (TSX:HSE) (Calgary, Alberta) that are slated to begin construction in Saskatchewan in the second quarter:

• $400 million Dee Valley plant in Maidstone, see project report
• $400 million Spruce Lake North plant in Spruce Lake, see project report
• $400 million Spruce Lake Central plant in Spruce Lake, see project report

Each project involves constructing a bitumen production field and processing plant with a capacity of 10,000 barrels per day (BBL/d), utilizing steam-assisted gravity drainage (SAGD) technology, and each is expected to finish construction in late 2019. WSP also is performing EPC services for Husky's $350 million expansion of the Rush Lake plant in Paynton, Saskatchewan, which would add a 10,000-BBL/d SAGD plant to the 12,000-BBL/d facility. For more information, see Industrial Info's project report.

Farther north in Canada, Agnico-Eagle Mines Limited (NYSE:AEM) (Toronto, Ontario) is employing WSP as its site infrastructure engineer for its $658.4 million Meliadine gold mine and mill near Rankin Inlet, Nunavut. The facility, which is expected to finish construction in the third quarter of next year, will include a 3,750-ton-per-day processing plant to extract 360,000 ounces per year of gold from 1.45 million tons per year of ore, over a 14-year mine life. For more information, see Industrial Info's project report.

Sean Boyd, the chief executive officer of Agnico Eagle, told Kitco News earlier this month that the company boasted record production in 2017 and aims to continue growing production by 30% from 2018 to 2020: "We've accelerated the timeline on the big project, which was Meliadine. So, we'll get to 2 million ounces in 2020, and these assets actually have the ability to take us beyond 2 million ounces."

In the U.S., WSP is at work on several transportation-related projects that are under construction on the western and eastern coasts, including:

• California High-Speed Rail Authority's $1 billion High-Speed Rail System in San Francisco, California, which will run 29 miles and include a tunnel; see project report
• South Carolina State Port Authority's $500 million Wando Welch Terminal in Mount Pleasant, South Carolina, which will relocate 1.75 million cubic yards of dredged material from Daniel Island to the site, to be placed behind a 5,000-foot containment structure; see project report
• Metropolitan Transportation Authority's $53.9 million Bronx-Whitestone Bridge structure rehabilitation in New York City, New York; see project report

Parsons Brinckerhoff, a WSP subsidiary acquired in 2014, is performing design-engineering services for the California project; the other two will be handled by the WSP USA subsidiary.

WSP also is expanding its presence in Latin America with last year's acquisitions of Consultoría Colombiana S.A. (ConCol) (Bogota, Colombia), a consulting firm for the Power Generation and Oil & Gas industries, and engineering and consulting firm Poch (Santiago, Chile).

"In the Americas, infrastructure spending in the U.S. is anticipated to remain robust and the integration of Poch and ConCol are expected to deliver synergies that should lead to improvement in operating margin," said Alexandre L'Heureux, the chief executive officer of WSP, in an earnings-related conference call. He later added: "In Asia, a continuing slowdown in the building market is anticipated to lead to negative organic growth in net revenues for the year."

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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/.