Oilsands housing expansion announced
Dave Cooper, edmontonjournal.com
Published: Tuesday, August 26
EDMONTON - For the sixth time since 2007, PTI Group's Wapasu Creek Lodge near the Suncor plant north of Fort McMurray is set to expand.
The facility will grow to 2,942 rooms, an increase of 672 dorm-style rooms, to accommodate a mix of workers from the surrounding oilsands area. Oil States International (NYSE:OIS), owner of PTI, expects the new rooms to be opened by mid-2009.
"We foresee more expansion in the future to serve our multiple clients," says spokesman Bradley Dodson.
Oil States is spending $344 million in 2008 on its projects in Canada and the U.S. The firm provides accommodation at the yet-to-open CNRL Horizon oilsands project, as well as Beaver Creek north of Fort McMurray. It also has projects in the Northwest Territories and manages support elements of the NATO camp used by Canadian troops in Afghanistan.
dcooper@thejournal.canwest.com
© Edmonton Journal 2008
