Newfoundland yards plan expansion

Peter Kiewit Sons is planning to expand its Newfoundland yards to increase the types of projects on which the company can bid.

Judy Maksoud
International Editor

ST. JOHN'S, Newfoundland and Labrador -- Peter Kiewit Sons is planning to expand its Newfoundland yards to increase the types of projects on which the company can bid. Frank Smith, director of business development, told attendees at the Newfoundland Ocean Industries Association annual meeting on June 20 that the company will spend C$120 million ($113 million) to expand and upgrade its Cow Head and Marystown yards.

Kiewit is a major player in the construction market and is the leading EPC contractor in North America, Smith said, noting that the company has a C$9 billion ($8.4 billon) backlog.

The Marystown yard carried out the topsides project for theSeaRose FPSO, which is now working in the Jeanne d'Arc basin, producing the White Rose field. The yard carried out this project, the first of its kind at the Marystown facility, on time and on budget, Smith said.

The yard is expanding its dock to accommodate FPSOs and is streamlining its production plans to accommodate concurrent projects. "We're moving to module construction," Smith said.

The company has bid on a number of anchor-handling tug supply vessels and a standby vessel and is planning additional bids that exceed its earlier capabilities. Smith said he believes the yard will be able to bid on White Rose modification and subsea fabrication, work on expansion of the Hibernia project, and the Hebron development, should it come to fruition.

"We can expand our facilities to handle both offshore and general fabrication," Smith said. "We see a lot of opportunities."

6/20/2007

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