Stuart Olson Industrial Group awarded $130M in new contracts
November 7, 2016 by On-Site Magazine
Stuart Olson Inc. announced two new maintenance, repair and operations (MRO) contract awards valued at an estimated $130 million for its Industrial Group segment.
The awards include a contract estimated at $100 million to provide MRO services to a longstanding oil sands customer. Under the terms of the contract, Stuart Olson’s Industrial Group will deliver an integrated bundle of electrical, instrumentation and insulation services at the customer’s newly constructed facility in Northern Alberta. Work under this contract is expected to commence in late 2016 and extend over a period of five years.
The Industrial Group was also awarded a contract by a new customer to provide electrical and instrumentation maintenance services at a newly constructed processing facility in Northern Alberta. The agreement is valued at $30 million over a six-year period, with work expected to commence in 2017.
“These contract wins centre on new facilities and are significant steps in expanding our already strong portfolio of long-term MRO contracts,” said David LeMay, Stuart Olson’s president and CEO. “The awards also demonstrate the recognition by both new and existing clients of the value of our integrated package of contracting services.”