Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced a new industrial award valued at approximately $16 million. The new contract was secured by the Primoris ARB Industrial division, part of the West Construction Services segment. Construction will commence on the project in the fourth quarter of 2014 and is scheduled to be completed in 2015.

  • The award is for the engineering, procurement and construction (EPC) of an 80 MMSCFD (million standard cubic feet per day) injection compression station for one of the largest oil and gas production companies in California.
  • The station will handle gas injection needs associated with petroleum extraction. The plant will consist of several large compressors, condensers, a TEG dryer system, a slug catcher, instrument and utility air compressors, glycol loading and storage systems, condensate handling system, pressure relieving and de-pressuring systems, coalescing filters, utility water system, fire protection systems, and a network of PLCs to control the plant.

ABOUT PRIMORIS

Founded in 1946, Primoris, through various subsidiaries, has grown to become one of the largest construction service enterprises in the United States. Serving diverse end markets, Primoris provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, and other customers. The Company’s national footprint extends from Florida, along the Gulf Coast, through California, into the Pacific Northwest and Canada. For additional information, please visit www.prim.com.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements, including with regard to the Company’s future performance. Words such as "estimated," "believes," "expects," "projects," “may,” and "future" or similar expressions are intended to identify forward-looking statements. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, including without limitation, those described in this press release and those detailed in the "Risk Factors" section and other portions of our Annual Report on Form 10-K for the period ended December 31, 2013, and other filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.