ENGlobal (ENG) Receives $11M in New Midstream Contracts

ENGlobal (Nasdaq: ENG), reports it received two separate lump sum project awards from one of North America's largest providers of midstream services to producers and consumers of natural gas, crude oil, natural gas liquids, refined products and petrochemicals. The value of the combined projects is estimated to be approximately $11 million.

1. Under the first agreement, ENGlobal contracted to provide engineering, procurement and construction support for an ethanol blending system at the client's refined products facility in Indiana. ENGlobal's scope includes mechanical, civil, structural and electrical services for the blending terminal, including the design and installation of a new storage tank, dike containment, and associated piping and electrical services. In 2010, ENGlobal provided support for the truck loading station at a similar facility.
   
   
2. Under the second contract, ENGlobal will be responsible for all engineering, design, and procurement for and construction of a grassroots crude oil storage terminal on an existing pipeline in Texas. ENGlobal's scope includes the design and installation of a metering station, truck unloading rack, crude oil storage tank, pipeline pumps, and accessories. Another portion of the same project will authorize ENGlobal to engineer, design, procure and construct a crude oil pipeline metering station in New Mexico.

ENGlobal recently began work on the projects with construction expected to begin in Q311 and completion in Q212.

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