HOUSTON, Feb. 27, 2013 (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE:OIS) announced today that the Company's Canadian subsidiary, PTI Group Inc. ("PTI") has opened a new Canadian Lodge, Anzac Lodge, located South of Fort McMurray in the Athabasca oil sands region of Alberta, Canada. PTI designed, built, owns and manages the new lodge, which has an initial capacity of 338 rooms. The lodge began operations in January of 2013.
Construction of Anzac Lodge is backed by an initial one-year contract for the majority of the initial capacity in support of in-situ operations. Longer term, Anzac Lodge will support in-situ operations in the southern oil sands play along with pipeline infrastructure expansions.
Anzac provides PTI's full suite of first-class accommodations and services including catering, ancillary and convenience services, internet service, conference rooms and leisure facilities for fitness, entertainment and relaxation."We are pleased to announce the opening of a new lodge in support of our customer's growing accommodation needs," stated Cindy B. Taylor, Oil States' President and Chief Executive Officer. "Anzac is our seventh major lodge in the oil sands region and provides us with greater exposure to in-situ development and pipeline infrastructure expansions in a growing area of concentrated customer activity." Oil States International, Inc. is a diversified oilfield services company and is a leading integrated provider of remote site accommodations with prominent market positions in the Canadian oil sands and the Australian mining regions. Oil States is also a leading manufacturer of products for deepwater production facilities and subsea pipelines as well as a provider of completion-related rental tools, oil country tubular goods distribution and land drilling services to the oil and gas industry. Oil States is publicly traded on the New York Stock Exchange under the symbol OIS. For more information on the Company, please visit Oil States International's website at http://www.oilstatesintl.com. The foregoing contains forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements included therein are based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the oilfield service industry and other factors discussed in the "Business" and "Risk Factors" sections of the Form 10-K for the year ended December 31, 2012 filed by Oil States with the SEC on February 20, 2013.
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