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
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CO: TOYO Engineering Canada
NI: CST OIL ORDER
-0- Oct/17/2013 17:46 GMT
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