Flint Energy wins $430 million oilsands contract in northern Alberta

Flint will manage the project's construction, mechanical and electrical services and equipment.

October 4, 2011
by Canadian Press

CALGARY: Flint Energy Services Ltd has won a $430-million contract to build an oilsands project in the Wood Buffalo Region near Fort McMurray, Alberta. The Calgary company said it was chosen as the construction contractor for a major steam-assisted gravity drainage oilsands project.

Under the contract, Flint will be responsible for the construction of the project, mechanical and electrical services and equipment and other management and support work. The company’s work will begin next year and continues until mid-2014. Flint said it expects the project will employ more than 1,500 people during the peak building phase.

“We are very pleased to have been selected as the construction partner to work on this significant oil sands development,” Flint president and CEO Bill Lingard said. “This is a large construction project and it demonstrates the increasing activity levels in oilsands capital investments.”

Under steam assisted gravity drainage technology, oilsands companies pipe steam underground to melt thick tar-like oilsands deposits. The oil is then collected through a second pipeline and pumped to the surface.