B&W Awarded Significant Contract To Provide Boilers for Canadian Oil Sands Project

December 04, 2018

(BARBERTON, Ohio – December 4, 2018) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that its subsidiary, The Babcock & Wilcox Company, has been awarded a significant contract to provide five industrial water-tube boilers to Imperial for its Aspen oil sands project in Alberta, Canada. 

B&W will design and supply the five MCFM 200-120 model boilers, which feature the company’s exclusive multi-circulation boiler technology, and modularized auxiliary components to provide steam for Imperial’s steam assisted gravity drainage (SAGD) bitumen extraction operation.

“As oil sands producers ramp up operations in Alberta, B&W is well-positioned to provide steam generation technologies tailored to their specific needs,” said B&W Power segment Senior Vice President Mark Low. “Our modularized industrial boilers can operate on a variety of fuels and will be used to recover energy from turbine exhaust gas. Our connection-ready boiler configuration minimizes site construction cost and schedule and can be adapted to the unique operating conditions found in oil sands projects.”

“We look forward to serving as a trusted business partner and technology provider to Imperial, and thank our customer for the opportunity to provide our boiler technology for this important project,” Low said.

Engineering work for the project is currently underway, and delivery is scheduled for the fourth quarter of 2019 and first quarter of 2020.

B&W’s industrial water-tube boilers are ideally suited for the specialized needs of SAGD and other in-situ processes. The boilers’ multi-circulation technology improves boiler reliability and reduces downtime. B&W also supplies field engineering, replacement parts, material handling systems, sootblowers and environmental solutions for oil sands applications.

About B&W

Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets, and has been transforming our world for 151 years. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.

Forward-Looking Statements

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Richieste di informazioni dei media

Ryan Cornell

Public Relations

330.860.1345

rscornell@babcock.com

Richieste di informazioni degli investitori

Jude T. Broussard

Vice President, Investor Relations

704.625.4944

investors@babcock.com