Civeo secures $100mn contract for LNG Canada accommodation supply

By zaymalz malz

US accommodation services company Civeo has announced that it has secured contracts from LNG Canada to provide the Kitimat, BC project with housing work camps at four different locations whilst the liquefied natural gas export facility and pipeline are constructed.

The four locations will be spread out between Dawson Creek and the west coast of BC whilst the 670km pipeline is built.

See also:

The deal is subject to a “positive final investment decision from the LNG Canada joint venture”, on the condition that the export terminal itself is completed.

The contracts will require Civeo to provide more than 2,000 rooms in total, with revenues expected to reach CAD$100mn between 2019-2021.

“We are pleased to announce these contract awards, solidifying our position as the partner of choice for workforce accommodation solutions in Canada,” said Bradley J Dodson, Civeo’s President and Chief Executive Officer.

The US firm will be looking to deploy CAD$10mn across the four locations next year that will include maintenance and new site service equipment and a number of modular assets.

Off the back of the announcement, Civeo’s shares rose almost 8%.

Share

Featured Articles

Rise of the Chief Information Security Officer (CISO)

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the new age of the CISO

UAE building cybersecurity fortress for a safer world

Exclusive: His Excellency Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government, on bold plans to build the world’s most secure digital society

The future of cybersecurity must be built on the basics

HE Dr Mohamed Al-Kuwaiti, Head of Cyber Security, UAE Government and Dr Aloysius Cheang, Chief Security Officer Huawei UAE, on the future of cybersecurity

10 of the best speakers at Procurement & Supply Chain LIVE

Leadership & Strategy

10 apps to support staff on World Mental Health Day

Leadership & Strategy

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Leadership & Strategy