Willbros announces sale of certain downstream Oil & Gas assets (Scandinavian Oil-Gas Magazine)

Willbros announces sale of certain downstream Oil & Gas assets

Published Apr 9, 2014

Willbros Group, Inc. has sold certain assets and operations of its Oil & Gas Segment's downstream businesses to a privately held company.

The sale includes the union refinery maintenance turnaround service line, a related fabrication facility and associated tools and equipment.

The service line and fabrication facility being sold are both located near Tulsa, Oklahoma. As a result of the sale, the Company is paying down its Term Loan debt by $25 million.

Tags: Inc., Willbros Group

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