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1,148-Room Complex Supports Oil Sands Development North of Fort McMurray
CALGARY, ALBERTA–(April 28, 2008) – Partners ATCO Frontec and the Fort McKay First Nation have been selected by Suncor Energy to create and operate a more than 1,000 room accommodation complex to support oil sands development north of Fort McMurray.In addition to 1,148 rooms in modular units supplied by ATCO Structures, the complex includes a dining room, games room, fitness centre, meeting rooms, television rooms, laundry facilities and on-site parking. The complex, in place for a one-year period, is expected to open on May 25, 2008.
“This first-time opportunity to provide accommodation and services to Suncor builds on our existing business relationship with the Fort McKay Nation,” said Harry Wilmot, President ATCO Frontec. “A project of this magnitude significantly increases ATCO Frontec’s presence in the Regional Municipality of Wood Buffalo and once again demonstrates our proven capabilities in the camp services sector.”
Project construction and day-to-day operations will be managed by ATCO Frontec. On-site construction services will be handled by the Fort McKay Group of Companies.
“We are pleased to be working on another large-scale project with ATCO,” said Chief Jim Boucher of the Fort McKay First Nation. “Together, our project team has the experience and resources to meet the accommodation needs of a large energy-industry leader like Suncor.”
The complex for Suncor is located on Fort McKay land across from Creeburn Lake Lodge. The Creeburn Lake Lodge, located 65 kilometres north of Fort McMurray, is the first joint venture between Fort McKay and ATCO Frontec. The initial phase of the 500-room Lodge opened earlier this month and due to market interest, evaluation is underway to consider doubling capacity to 1,000 rooms.
The Fort McKay First Nation is comprised of Cree and Dene people who have a strong historical attachment to the region. Fort McKay is considered one of the most progressive First Nations in Canada, and has established a wide range of oil industry-based companies that provide employment opportunities and revenue for the community. Visit www.fortmckay.com for more information.
ATCO Frontec, a subsidiary of Canadian Utilities Limited, part of the ATCO Group of companies, specializes in the rapid mobilization and delivery of site support and camp services to the resource, defence, transportation, and telecommunications sectors. More information about the company is available at www.atcofrontec.com.
ATCO Group, an Alberta-based worldwide organization of companies with assets of approximately $8.0 billion and more than 7,800 employees, is comprised of three main business divisions: Power Generation; Utilities (natural gas and electricity transmission and distribution) and Global Enterprises (industrial manufacturing, technology, logistics and energy services).
More information about ATCO Ltd. can be found at www.atco.com.
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “plan”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in the 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 Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation.
The forward-looking statements contained in this news release represent the Corporation’s expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.
For more information, please contact
Fort McKay First Nation
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