Aug 26 2010
Flint Energy Services Ltd. (Flint, the Company), announced that Flint Transfield Services (FT Services), its 50% owned maintenance company, was the successful bidder for maintenance contracts with Nexen Inc worth an estimated $95 million over three years.
FT Services will provide electrical and instrumentation services and a portion of mechanical maintenance services at Nexen's Long Lake facility, southeast of Fort McMurray, Alberta. Work will commence later this year and continue through 2013.
Flint's President and CEO, J. W. (Bill) Lingard, said today: "We are very pleased to have FT Services selected by Nexen for this new contract work. Our expertise in constructing these facilities and our ability to provide asset management services through FT Services for this growing industry is part of Flint's ongoing strategy of both building and maintaining these sophisticated facilities for our customers".
Long Lake is the first oil sands project in the region to combine advanced technologies that enable the recovery of deep bitumen, with the ability to generate fuel gas and hydrogen on-site to power bitumen recovery and upgrading to yield a premium synthetic crude product.
Since securing its first client in the Canadian oil sands industry in 2007, FT Services has continued to expand its client base to include four major players in the industry.
Source: http://www.flintenergy.com/