(TSX - FES)
CALGARY, June 17 /PRNewswire-FirstCall/ - Flint Energy Services (Flint, the Company) announced today its 50% owned joint venture company, FT Services, successfully completed its scope of work as a general contractor for Shell Canada's turnaround at the Scotford Upgrader near Fort Saskatchewan, Alberta. Alongside Shell, FT Services led a key portion of the mechanical maintenance executing a safe turnaround of more than 500,000 work hours with zero recordable injuries.
FT Services President and CEO, Michael Wandmaker, said, "The FT Services team is to be commended for their exemplary safety record of working the entire turnaround without a recordable injury." Mr. Wandmaker added, "Our team, which at peak included about 650 people, completed their scope of work within schedule and budget."
FT Services was formed in August 2006 to deliver operations and maintenance solutions to the oil and gas, mining and mineral processing, petrochemical and power generation sectors in Canada. FT Services brings together Transfield Services' global experience in asset management and maintenance of complex systems and technologies, together with Flint's extensive Canadian hydrocarbons expertise and customer relationships. FT Services' business model provides best practices in safety performance, asset management and turnaround management systems and project execution. FT Services' approach leads to a demonstrable step change in asset performance through its collaborative contracting approach. www.ft-serv.com
Flint Energy Services Ltd. is a market leader providing an expanding range of integrated products and services for the oil and gas industry including: production services; infrastructure construction; oilfield transportation; and maintenance services. Flint, with more than 10,000 employees, provides this unique breadth of products and services through over 60 strategic locations in the oil and gas producing areas of Western North America, from Inuvik in the Northwest Territories to Mission, Texas on the Mexican border. Flint is a preferred provider of infrastructure construction management, module fabrication, maintenance services for upgrading, and production facilities in Alberta's oil sands sector. www.flintenergy.com
Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia. Transfield Services Limited is listed on the Australian Securities Exchange. www.transfieldservices.com
FORWARD LOOKING STATEMENTS
Certain statements in this news release are "forward-looking statements", which reflect current expectations of the management of Flint regarding future events or Flint's future performance. All statements other than statements of historical fact contained in this news release may be forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements. Flint believes that the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this news release and Flint assumes no obligation to update or revise them to reflect new events or circumstances, except as expressly required by applicable securities law. Further information regarding risks and uncertainties relating to Flint and its securities can be found in the disclosure documents filed by Flint with the securities regulatory authorities, available at www.sedar.com.
SOURCE Flint Energy Services Ltd.