TOYO Engineering signs multi-year oil sands deal
17 October 2013
Japan-based TOYO Engineering Corporation, 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 China’s 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 more than 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.
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. The vision of TOYO Engineering Canada is to be an expert in the Alberta heavy oil and gas development.
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