DENVER, CO -- (Marketwire) -- 09/29/09 -- CH2M HILL, a global full-service engineering,
procurement, construction, and operations firm, has been awarded an
Engineering, Procurement, and Construction Management contract from Encore
Acquisition Company (NYSE: EAC) (Encore) for its recently announced
Greencore Project -- a new 230-mile, high pressure CO2 pipeline.
The project will reduce greenhouse gas emissions by capturing CO2 emissions
from the Lost Cabin Gas Plant in Fremont County, Wyoming. Captured CO2 will
be injected into oil wells in Encore's Bell Creek Field in southeastern
Montana and will help increase domestic oil production from that field. By
capturing CO2 that would otherwise be released into the atmosphere, this
project will reduce CO2 emissions by approximately 1 million metric tons
each year. It is estimated that the CO2 injection project will increase oil
production from existing wells from 1,200 barrels per day to a peak
response of 7,000 barrels per day.
"The Greencore CO2 Pipeline Project is an exciting opportunity that aligns
with Encore's and CH2M HILL's commitment to building and supporting
projects which protect the environment and provide energy supply
solutions," says John Blakney, CH2M HILL Vice President. "We look forward
to working closely with all project stakeholders to complete this project
safely, on time, and within budget."
CH2M HILL will design and construct a 230-mile, combination 8-inch and
10-inch diameter pipeline to transfer the compressed CO2 from the Lost
Cabin Plant in Wyoming to wells throughout the 21,000-acre Bell Creek Field
in southeastern Montana. Services provided under the CH2M HILL contract
include pipeline routing, permitting support, rights-of-way acquisition,
surveying, engineering, design, procurement, and construction inspection
services for the project.
Initiated in August 2009, the Greencore CO2 Pipeline project is expected to
be in place and operational in 2011.
Encore Acquisition Company is engaged in the acquisition and development of
oil and natural gas reserves from onshore fields in the United States.
Since 1998, Encore has acquired producing properties with proven reserves
and leasehold acreage and grown the production and proven reserves by
drilling, exploring, reengineering or expanding existing waterflood
projects, and applying tertiary recovery techniques. For additional
information, please visit www.encoreacq.com.
Headquartered near Denver, Colo., employee-owned CH2M HILL is a global
leader in engineering, procurement, construction, management and operations
for government, civil, industrial and energy clients. With $6.4 billion in
revenue and more than 25,000 employees, CH2M HILL is an industry-leading
program management, construction management and design firm, as ranked by
Engineering News-Record (2009). The firm's work is concentrated in the
areas of energy, water, transportation, environmental, nuclear and
industrial facilities. The firm has long been recognized as a most-admired
company and leading employer, including being named by FORTUNE as one of
the 100 Best Companies to Work For (2009). Visit www.ch2mhill.com.
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