North American Construction Group extends oil sands contract

North American Construction Group has successfully negotiated a two-year extension to a key Master Services Agreement with a major oil sands customer, taking the expiration date to August 2022
North American Construction Group extends oil sands contract North American Construction Group extends oil sands contract North American Construction Group extends oil sands contract North American Construction Group extends oil sands contract North American Construction Group extends oil sands contract

The company has secured a three-year term commitment for overburden removal

Staff reporter

PRESS RELEASE: As part of the associated work scope, the company has secured a three-year term commitment for overburden removal, commencing after the completion of the previously announced 2018 work. The value of this backlog is expected to be around C$120 million (US$92.6 million).

Martin Ferron, chairman and CEO of North American Construction Group, stated: "We believe that demand for safe and cost-effective earthworks services in the oil sands remains very strong, resulting in a tightening of suitable equipment availability. In these positive circumstances, we are delighted to have negotiated our first term contract in several years."

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