Flint Announces Fluid Hauling and Pressure and Vacuum Contract Awards in Northeast Albertaadmin
Flint Energy Services Ltd. announced that the Company has been awarded two contracts to provide fluid hauling and pressure and vacuum services to two major oil producers in Northeast Alberta valued at $125 million (Canadian dollars) over the next five years.
The first, a five year contract, worth an estimated C$15 million annually, is with an existing customer in Northeast Alberta. This contract will provide fluid hauling, pressure trucks, vacuum trucks, steam cleaning, chemical cleaning, flushbys, industrial cleaning, and turnaround services to the client.
The second contract, valued at over C$10 million annually, is an evergreen contract with a new customer in Northeast Alberta. This contract will provide fluid hauling, pressure trucks, vacuum trucks, steam cleaning, chemical cleaning, industrial cleaning, flushbys, safety services, and turnaround services to the client.
These contracts are in addition to the recently announced extension of pipeline maintenance work to FT Services’ maintenance contract at Canadian Natural Resources’ Horizon project.
Both contracts provide a steady stream of guaranteed contract work on an ongoing basis for the foreseeable future. Flint’s Fluid Hauling and Pressure and Vacuum divisions, which are included in the Production Services business segment, will complete these contracts from Flint’s bases in Lloydminster and Bonnyville, Alberta.
“These contracts help to demonstrate that much of Flint’s Production Services activities are tied to steady work associated with ongoing production of oil and gas throughout North America,” said Bill Lingard, President and CEO, Flint Energy Services Ltd. “The continuation of existing business coupled with the growth of new contract work in the oil sands and heavy oil regions of Northeast Alberta are key growth areas for Flint.”
Flint Energy Services is a market leader providing an expanding range of integrated products and services for the oil and gas industry including: production services; field construction; oilfield transportation; process equipment design and manufacturing; and tubular management services. Flint provides this unique breadth of products and services through over 62 strategic locations in the oil and gas producing areas of western North America, from Inuvik in the Northwest Territories to Mission, Texas on the Mexican border. Flint is a preferred provider of infrastructure construction management, module fabrication, and maintenance services for upgrading and production facilities in Alberta’s fast growing oil sands sector. http://www.flint-energy.com