Siemens signs service agreement for gas turbines at Shell Carmon Creek project - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Siemens signs service agreement for gas turbines at Shell Carmon Creek project

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SOURCE Siemens Canada Limited

OAKVILLE, ON, Aug. 6, 2014 /CNW/ - Siemens Energy has been awarded a long-term agreement to perform service and maintenance for three Siemens (SGT6-5000F) gas turbines that will be installed at Shell Canada's Carmon Creek in situ project currently under construction in northern Alberta. The Carmon Creek project, located on Shell's Peace River heavy oil leases, is expected to produce about 80,000 barrels of bitumen per day using steam recovery methods. The project will be constructed in two phases of 40,000 barrels per day.

Siemens' advanced gas turbine technology provides the high availability, reliability and performance demands needed by Shell. In addition to supplying the gas turbines, Siemens will also provide service and maintenance over an initial period of 17 years to help ensure the long-term optimum performance of the advanced F-class gas turbines.

QUOTE

"We are pleased to provide our proven technology and technical expertise to help Shell meet the energy needs for the Carmon Creek Project."

Robert Hardt, President and Chief Executive Officer, Siemens Canada.

About Siemens Canada
For more than 100 years the innovative ideas from Siemens have helped make Canada a better place. From the Atlantic to Pacific oceans, more than 4,500 employees in Canada work together to provide answers that last in the fields of industry, energy, healthcare and infrastructure solutions for cities. Since it was federally chartered in 1912, Siemens has stood for technical achievements, innovation, quality and reliability. Sales for Siemens in Canada in fiscal 2013 (ended September 30), were $2.0 billion CAD. The company has 46 offices and 18 manufacturing/assembly facilities across Canada. Further information is available at www.siemens.ca.

This press release may contain forward-looking statements based on the beliefs of the management of Siemens Canada Limited and its affiliates. The words "anticipate," "believe," "estimate," "forecast," "expect," "intend," "plan," "should," and "project," are used to identify forward-looking statements. Such statements reflect the management's current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, among others, changes in general economic and business conditions, changes in currency exchange rate and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Siemens Canada Limited and its affiliates do not intend or assume any obligation to update these forward-looking statements.

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