Civeo Announces C$41M in New Canadian Oil Sands Contracts

Civeo Corporation CVEO today announced that it has won contracts for Canadian oil sands customers totaling approximately C$41 million. The new contracts include: A two-year accommodations contract to support the facility turnarounds of an oil sands customer in the first half of 2016 and 2017. Civeo will reopen its Athabasca lodge and also use rooms in its Beaver River Lodge to service this contract.Multiple shorter term contracts to support pipeline activity using both existing lodges and mobile assets.The extension of a catering and operations services contract, supporting 290 customer-owned rooms in the Alberta Oilsands region, for a 15–month period. This award is the continuation of a contract under which Civeo has been providing catering services to a customer since 2005, supporting operating personnel at an existing oil sands mine. Bradley J. Dodson, Civeo's President and Chief Executive Officer, stated, "We are very pleased to continue to win new work in this difficult operating environment. These recent contract wins demonstrate the strength of our brand, assets and service offering." ABOUT CIVEO See full press release