Matrix Service Inc. Awarded Large EPC Tank Construction Projects From North Dakota Pipeline Company
TULSA, Okla., Nov. 6, 2014 (GLOBE NEWSWIRE) -- Matrix Service Company (Nasdaq:MTRX) announced today that its subsidiary, Matrix Service, Inc., has been awarded an engineering, procurement and construction (EPC) contract by North Dakota Pipeline Company, LLC (NDPC), a subsidiary of Enbridge Energy Partners, L.P. (Enbridge). NDPC is expanding four existing crude terminal locations in North Dakota and Minnesota to support the proposed Sandpiper Pipeline Project (SPP). If approved, the 610-mile SPP will deliver Bakken light crude oil to U.S. and eastern Canadian refineries.
The contract award includes seven aboveground storage tanks with capacity in excess of one million barrels. Work will occur at terminal locations along the Sandpiper Pipeline including Beaver Lodge, Stanley and Berthold, N.D., as well as Clearbrook, Minn. This award further enhances Matrix Service's already strong alliance with Enbridge and NDPC.
Said John Hewitt, CEO of Matrix Service Company, "This expanded alliance award with NDPC further strengthens our long-term commitment and relationship with Enbridge while continuing to support the build out of North America's energy infrastructure."
About Matrix Service Company
Matrix Service Company provides engineering, fabrication, construction and maintenance services to Electrical Infrastructure, Oil Gas & Chemical, Storage Solutions and Industrial markets. The Company is headquartered in Tulsa, Oklahoma, with regional operating facilities in the United States and Canada.
About Enbridge Energy Partners, L.P.
Enbridge Partners owns and operates a diversified portfolio of crude oil and natural gas transportation systems in the United States. Its principal crude oil system is the largest pipeline transporter of growing oil production from western Canada and the North Dakota Bakken formation. The system's deliveries to refining centers and connected carriers in the United States account for approximately 17 percent of total U.S. oil imports. Enbridge Partners' natural gas gathering, treating, processing and transmission assets, which are principally located onshore in the active U.S. Mid-Continent and Gulf Coast areas, deliver approximately 2.5 billion cubic feet of natural gas daily. Enbridge Partners is recognized by Forbes as one of the 100 Most Trustworthy Companies in America.
Enbridge Management, L.L.C. manages the business and affairs of Enbridge Energy Partners, L.P. ("Enbridge Partners") (NYSE:EEP), and its sole asset is an approximate 16.5 percent limited partner interest in Enbridge Partners. Enbridge Energy Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of Calgary, Alberta, (NYSE:ENB) (TSX:ENB) is the general partner of Enbridge Partners, and holds an approximate 34 percent interest in Enbridge Partners together with all of the outstanding preferred interests in Enbridge Partners.
CONTACT: For more information, please contact:
Matrix Service Company
Kevin Cavanah
Vice President and CFO
T: 918-838-8822
E: kcavanah@matrixservicecompany.com
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