Figure
WorleyParsons is pleased to announce that Colt WorleyParsons, its Canadian subsidiary, has been awarded a contract by Suncor Energy for the engineering, procurement and construction (EPC) of the Firebag Stage 4 Pads project. The services will be provided on a reimbursable basis with the margin subject to a risk - reward formula.
Colt WorleyParsons Suncor Stage 4 Pads ASX.pdf
The project is a key element of Suncor Energy’s plan to deliver increased bitumen supply from the Firebag in-situ facility located near Fort McMurray in northern Alberta, Canada. Stage 4 construction is scheduled to begin in late 2008 and the facility is scheduled to be completed by the end of 2010.
The contract, with expected revenue of C$190M for Colt WorleyParsons, extends the engineering, procurement and construction support provided on previous project phases over the past eighteen months.
Commenting the Chief Executive Officer of WorleyParsons, Mr John Grill said: “This award continues our strong working relationship with Suncor and the Firebag Project.
