Valerus Awarded US$62m Contract To Deliver Two Turnkey Compressor Stations for Crestwood Midstream Partners

PR Newswire

HOUSTON, Jan. 30, 2014 /PRNewswire/ -- Valerus (www.valerus.com), a subsidiary of Kentz Corporation Limited (KENZ.L) (www.kentz.com), the holding company of the Kentz engineering and construction group, is pleased to announce it has been recently awarded a US$62m contract by Crestwood Midstream Partners LP (www.crestwoodlp.com) to provide engineering, procurement, construction and commissioning of two compressor stations.

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The stations, both located in Doddridge County, West Virginia, will each have the capacity to handle 120 million standard cubic feet per day (MMscfd) of gas from the Marcellus shale upon completion in 2014.

Heath Deneke, President of Crestwood's Natural Gas Business Unit, stated that "These projects, currently under construction, are essential to our infrastructure development plans in the very active Marcellus, connecting it to the market. We look forward to working with Valerus to complete these stations."

The turnkey compressor stations will together include more than 35,000 hp of compression; inlet separation and filtration; gas dehydration; power generation and distribution; and station instrumentation and controls.

According to Steve Gill, Chief Executive Officer of Valerus, "This contract is a testament to our demonstrated success in developing comprehensive surface facility production systems all over the world. We welcome the opportunity to work with Crestwood to deliver this important project in the prolific Marcellus and Utica region."

About Valerus
Valerus is a worldwide leader in integrated oil and gas handling and processing. Products and services include reciprocating compressor packages, production equipment, gas processing solutions, liquid separation systems and a variety of professional field services. Its mission is to develop tailored solutions for its customers by combining the most experienced people with innovation and quality equipment. Valerus is committed to achieving the highest standards in health, safety and environmental responsibility.

About Crestwood Midstream Partners LP
Houston, Texas, based Crestwood Midstream (CMLP) is a master limited partnership that owns and operates midstream businesses in multiple unconventional shale resource plays across the United States. Crestwood Midstream is engaged in the gathering, processing, treating and compression of natural gas; transportation and storage of natural gas; transportation, fractionation, storage, and terminalling of NGLs; and gathering, storage and terminalling of crude oil. Prior to the merger of Crestwood Midstream Partners LP into Inergy Midstream, L.P., which was completed on October 7, 2013, the partnership was named Inergy Midstream, L.P. and was traded on the New York Stock Exchange under the ticker symbol "NRGM."

For additional information:
Chris Wailes (cwailes@piercom.com)
Pierpont Communications
713.627.2223

 

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