Oil States International, Inc. announced Monday that the Company's Canadian subsidiary, PTI Group Inc. (PTI), has begun construction of a new Canadian Lodge, McClelland Lake Lodge, located North of Fort McMurray in the Athabasca oil sands region of Alberta, Canada. PTI will provide its integrated workforce accommodations solution at the lodge where it will engineer, design, build, own and manage the lodge facility, which will have an initial capacity of 1,561 rooms and potential to reach 1,997 rooms in the future. PTI plans to open the lodge in the summer of 2014 and reach full initial capacity in the fourth quarter of 2014.
McClelland Lake Lodge will initially support a new oil sands mining project in the region under a three-year contract for the majority of the rentable rooms. The lodge will provide 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.
"McClelland Lake Lodge is our eighth major lodge in the oil sands region and will provide us with a broader exposure to mining developments in an area of increasing customer activity," Cindy B. Taylor, Oil States' president and chief executive officer stated. "We are eager to commit additional growth capital in the Canadian oil sands, further expanding our accommodations presence in the region while partnering with our customers under term contracts."
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