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Worley (ASX:WOR) awarded services contract for Hardisty terminal

ASX 200
ASX:WOR      MCAP $8.592B
22 May 2020 15:45 (AEST)
Worley (ASX:WOR)- CEO, Chris Ashton

Source: Worley

Worley (WOR) has been awarded a contract by the Hardisty Energy Terminal Partnership for services at the Hardisty terminal in Alberta, Canada.

The Hardisty Energy Terminal Partnership is a joint venture between Gibson Energy and U.S. Development Group.

The Hardisty terminal is where various grades of Canadian crude oil are received from the Western Canada Sedimentary Basin and then loaded onto railcars for transportation to end markets.

The terminal can load up to two 120-railcars per day.

It receives deliveries of crude oil from a direct pipeline connect from Gibson Energy’s Hardisty storage terminal.

Under this contract, Worley will provide engineering, purchase, fabrication and construction services for a new diluent recovery unit (DRU) that has eight million litres, or roughly 50,000 barrels, of inlet capacity per day.

The DRU will enable product from the Gibson Hardisty terminal to access new markets in the States and Canada.

Worley’s team will provide fabrication and module assembly at the Edmonton yard before completing the DRU.

Engineering support services will then be provided from the company’s Calgary office.

“We are pleased that the Hardisty Energy Terminal Partnership has engaged Worley for their new diluent recovery unit,” CEO Chris Ashton said.

“As an Australian company operating globally, we look forward to supporting the partnership access new energy markets,” he added.

Worley is down a slight 1.19 per cent and shares are trading for $9.11 each at 2:30 pm AEST.

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