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Bilateral Chamber Member, Jacobs Engineering (JEC), Secures Engineering Services Agreement with Keyera Partnership

StreetInsider.com - June 14, 2017

Jacobs Engineering Group Inc. (NYSE: JEC) has signed an engineering services agreement with Keyera Partnership, which operates one of the largest independent midstream energy companies in Canada. The company services oil and gas producers in Western Canada and transports natural gas liquids such as propane, ethane, butane, condensate and iso-octane to markets throughout North America.

The new agreement enables Jacobs to provide engineering services for the Wapiti Liquids Handling & Gas Processing Facility, a key part of Keyera’s Wapiti Development project for constructing a natural gas gathering and processing complex in the Wapiti area south of Grand Prairie, Alberta.

At full build-out of both phases of the project, the new facility is expected to process up to 300 million cubic feet of sour gas and 25,000 barrels of field condensate per day. Keyera is also looking at the possibility of connecting the new complex to its existing Montney asset base and network, further diversifying its service offering in the region.

“This agreement marks a significant milestone for Jacobs to leverage our presence in the midstream industry in Canada, and increase our market share and potential for growth in this sector,” said Jacobs Senior Vice President, Oil & Gas, Bassim Shebaro. “Understanding Keyera’s already impressive gas gathering and processing business, this contract could be the start of a mutually beneficial long-term relationship.”

Jacobs will support this deal from its Calgary office, which represents the company’s center of excellence in North America for natural gas liquids, gas treating and processing and sulfur solutions, delivering innovation and value for our upstream and midstream clients.