TOYO Engineering Signs Multi-Year Oil Sands Deal

CALGARY, Oct. 17, 2013 /CNW/ - TOYO Engineering Corporation (TOYO), through 
its Canadian subsidiary TOYO Engineering Canada Ltd., has signed an 
Engineering, Procurement, Construction (EPC) contract with JACOS (Japan Canada 
Oil Sands Limited) for a 20,000 bbl/day Steam Assisted Gravity Drainage (SAGD) 
production processing facility (expandable to 30,000 bbl/day) in the 
Hangingstone area, near Fort McMurray, Alberta. 
The JACOS Hangingstone Project (with Nexen Energy ULC, a wholly owned 
subsidiary of CNOOC Limited, having 25% stake in the project) includes a 
central processing facility, utilities and infrastructure. TOYO will be 
performing the detailed engineering, procurement and the construction with 
completion targeted 2.5 years after contract signature. 
TOYO has performed major projects in the global oil and gas industry for over 
50 years and, with the EPC scope of work for the JACOS Hangingstone Project, 
TOYO will be advancing its business in the Canadian oil and gas sector. 
"We are very pleased to be working with JACOS on such an important project in 
the Alberta oil sands," said Taro Takahashi, President TOYO Engineering Canada 
Ltd. Key in the success of the project will be the delivery of the 
construction phase. "This is an exciting time for TOYO," said Al Wahlstrom, VP 
Major Capital Project Toyo Engineering Canada Ltd. "The Hangingstone Expansion 
Project will be a significant EPC project for us in the oil sands and we look 
forward to building an integrated delivery team with our contractors and our 
client project team acting in concert to deliver success for JACOS and us 
all." The construction scope of the contract will be executed by a strong and 
dynamic team from TOYO, JV Driver, and key equipment manufacturers leveraging 
off each companies' experience and expertise. 
TOYO Engineering Corporation is a Japan-based, full-service EPCM company 
specializing in the global execution of oil and gas, petrochemical, 
infrastructure, and pharmaceutical projects. TOYO Engineering Canada Ltd. (a 
wholly-owned subsidiary of TOYO Engineering Corporation) is a Calgary-based, 
full-service EPCM company with extensive history of executing oil and gas 
projects for the energy industry. The vision of TOYO Engineering Canada is to 
be an expert in the Alberta heavy oil and gas development while providing 
customer-focused, cost certain, quality engineering.
 

SOURCE  TOYO Engineering Canada 
TOYO Engineering Canada contacts: Al Wahlstrom Vice President Major Capital 
Projects 403-218-8743 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2013/17/c4549.html 
CO: TOYO Engineering Canada
ST: Alberta
NI: CST OIL ORDER  
-0- Oct/17/2013 17:46 GMT
 
 
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