Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/willbros-announces-sale-of-certain-downstream-oil-.shtmlWillbros announces sale of certain downstream Oil & Gas assets
Willbros Group, Inc. has sold certain assets and operations of its Oil & Gas Segment's downstream
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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.
