These awards and renewals are estimated to generate approximately
The work will be executed by ClearStream's Flint, ClearWater, Environmental, Universal Weld Overlays and Wear Technologies divisions and will be comprised of Maintenance, Turnarounds, Fabrication,
'These recent contract awards and renewals continue to demonstrate that we are a trusted service provider for our clients. We expect additional activity to be booked in the next few months as clients engage in early planning activities to secure capacity for the spring and fall turnaround seasons over the next two years. We are proud to offer and serve our clients with a suite of more than 40 services that encompass the full project lifecycle', said
To accelerate our turnkey asset retirement solution and better support our customers, on
'The recovery in the prices for both oil and natural gas that commenced in the second half of 2020 has continued into 2021, with the price of West Texas Intermediate light oil recently trading above
About
With a legacy of excellence and experience stretching back more than 50 years, ClearStream provides solutions to the Energy and Industrial markets including: Oil & Gas, Petrochemical, Mining, Power, Agriculture, Forestry, Infrastructure and Water Treatment. With offices strategically located across
Contact:
Tel: (587) 318-0997
Advisory Regarding Forward-Looking Information
Certain information included in this press release may constitute 'forward-looking information' within the meaning of Canadian securities laws. In some cases, forward-looking information can be identified by terminology such as 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'estimate', 'predict', 'potential', 'continue' or the negative of these terms or other similar expressions concerning matters that are not historical facts. Specifically, this press release contains forward-looking information relating to contract renewals and new project awards, including the estimated value thereof and the timing of commencing the work associated therewith, that additional activity will be booked in the next few months for the spring and fall turnaround seasons over the next two years, and that customers in the energy sector will address their maintenance and other construction projects that have been deferred over the last 12 months.
Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking information including, but not limited to, the success of our response to the COVID-19 global pandemic, risks related to the integration of acquired businesses, conditions of capital markets, economic conditions, commodity prices, dependence on key personnel, interest rates, regulatory change, ability to meet working capital requirements and capital expenditure needs, factors relating to the weather and availability of labour. These factors should not be considered exhaustive. Risks and uncertainties about ClearStream's business are more fully discussed in ClearStream's disclosure materials, including its annual information form and management's discussion and analysis of the operating and financial results, filed with the securities regulatory authorities in
This forward-looking information is made as of the date of this press release, and ClearStream does not assume any obligation to update or revise it to reflect new events or circumstances except as required by law. Undue reliance should not be placed on forward-looking information. Forward-looking information is provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.
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