Trimac Transportation Ltd announced that it has entered into a new contract to haul a significant new volume of NGLs (Natural Gas Liquids) on behalf of Provident Energy Ltd in northeastern British Columbia, Canada.
This contract builds on Trimac's existing relationship with Provident that dates back to August 2003. The hauling will be operated out of Trimac's Dawson Creek BC facility and is expected to commence in the second quarter of 2012 and run through to March 2014. The contract is expected to generate $16 million in revenue over the term of the agreement.
Ed Malysa, Trimac (Canada) president and chief operating officer, said "the addition of the new hauling for Provident further solidifies Trimac's presence in British Columbia. I am pleased to announce this new opportunity with a company that is as well-established and respected as Provident. This opportunity will strengthen our capabilities to service our oil and gas customers in northeastern British Columbia."
Provident Energy Ltd is a Calgary AB-based corporation that owns and operates high quality midstream assets that include NGL extraction, fractionation, storage, transportation, and marketing, with access to markets across North America.