HOUSTON and EDMONTON, Alberta, Sept. 10, 2012 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today that the Company's Canadian accommodations subsidiary, PTI Group Inc. ("PTI"), was awarded a two-and-a-half-year extension by Imperial Oil Ltd. ("IOL" or "Imperial") to provide accommodations for IOL's employees in support of the expansion phase of the Kearl oil sands development. The extension term commences April 1, 2013 and extends into 2015, utilizing rooms at PTI's Wapasu Creek Lodge and Henday Lodge. In addition to the construction camp contract extension, PTI was awarded a ten-year contract in support of future operations personnel working on the Kearl project. PTI will utilize a portion of its existing Wapasu Creek Lodge for Imperial's permanent staff residence which will initially consist of 675 rooms and increase over the term of the contract which extends to August 31, 2022.
Oil States Secures Extension Of Kearl Construction Accommodations Contract And Announces The Award Of A Ten-Year Permanent Staff Residence Contract
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