Flint announces FT Services awarded maintenance contract at Shell Canadas Scotford Complex in Albertaadmin
Flint Energy Services Ltd announced the Company’s 50 per cent owned joint venture company, FT Services, has been awarded a contract with an approximate value of $50 million over its two-year term to provide turnaround management and execution services to Shell Canada Limited (Shell) at the Scotford Complex, Fort Saskatchewan, Alberta.
“FT Services was chosen for the contract due to our world-class asset management capabilities currently used by existing clients across Canada,” said Andy Mackintosh, President and CEO, FT Services. “This is FT Services’ first Edmonton-based contract which is significant both as a strategic growth centre and our third prestigious client in the Canadian oil and gas industry,” he added.
With staffing currently underway, the agreement commenced effective November 1, 2008. This is a performance-based, risk and reward type of contract based on achieving performance targets set with Shell. FT Services will implement the One Team approach, where all companies involved, including the client, work as one team to achieve a common goal of operational excellence.
Bill Lingard, President and Chief Executive Officer of Flint Energy Services said, “We are very pleased to have been selected by Shell Canada for this work at the Scotford Complex. This demonstrates FT Services’ business model offers significant value to our customers.”