Macro- Spiecapag JV, Three Others Earn Coastal GasLink Contracts
A joint venture of Canada’s Macro Enterprises and Spiecapag Canada said June 19 it has executed a construction contract for a portion of TransCanada’s Coastal GasLink pipeline, which will feed Anglo-Dutch Shell’s LNG Canada terminal in Kitimat, BC.
The joint venture has been selected to build about 166 km of the 670-km Coastal GasLink pipeline. The initial estimated contract value is in excess of $900mn (US$678mn), with a joint venture split of about 40/60 between Macro and Spiecapag.
In addition to the Macro Spiecapag joint venture contract, TransCanada awarded three other conditional contracts for Coastal GasLink construction, with a cumulative value, including the Macro Spiecapag contract, estimated at $2.8bn (US$2.1bn). The contracts were awarded to Surerus Murphy Joint Venture, SA Energy Group, and Pacific Atlantic Pipeline Construction (a Canadian company of the Bonatti group).
The contractors will be directly responsible for hiring a projected 2,500 workers over the four-year construction period, with special emphasis placed on hiring locally first, giving priority to qualified local and Indigenous businesses in northern BC.
A final investment decision (FID) on Coastal GasLink is expected to be received by 4Q 2018, pending a positive FID from LNG Canada, with an expected in-service date for the pipeline by 4Q 2021.
“The economic benefits of this project will serve to provide numerous subcontracting opportunities for local and indigenous businesses, direct employment for over 900 personnel, and growth to the economy with development of new markets for Canadian gas,” Macro Enterprises CEO Frank Miles said. “As a British Columbian based company, we are proud to be part of this ambitious project.”
Macro Enterprises, headquartered in Fort St. John, BC, provides pipeline and facilities construction and maintenance services to major companies in the Canadian oil and gas industry. Spiecapag Canada is part of France’s Entrepose Group of Companies, an international contractor that designs, builds and operates production, transportation and storage infrastructure for the oil and gas and other energy markets.