North American Construction Group Ltd. Announces Contract Award

Source: 3/17/2022, Location: North America

North American Construction Group Ltd. (“NACG”) announced a five-year contract awarded to Mikisew North American Limited Partnership (“MNALP”) by a major oil sands producer. Given the contractual scope included in the award, the new agreement qualifies as backlog which is estimated at $125 million. Based on the heavy equipment fleet and our experience at this site, we estimate this contractual backlog represents approximately one-third of the work we will complete over the contract term.

The contract award bolsters and adds to NACG’s combined backlog which was at $1.7 billion on December 31, 2021. This agreement continues to grow our vital Indigenous partnerships and with a term out to March 2027 provides improved contractual visibility on fleet usage.

Joe Lambert, President and CEO, stated: “It is gratifying to see our Indigenous partnership be recognized and rewarded by our customers. We have a great working relationship with the Mikisew Group and continue to find mutually beneficial ways to grow and expand our partnership. I am confident the continued safe, low-cost and sustainable partnership model that won us this scope will continue to provide competitive advantage and opportunity in the future.”

Dan Gallagher, Chief Executive Officer, Mikisew Group, stated: “We are again pleased to announce another significant award for our Mikisew North American Limited Partnership. This partnership continues to outperform every metric we have including safety, aboriginal employment and returns back to our stakeholders. Joe and the entire NACG team are fantastic partners who continue to clearly demonstrate they are market leaders in the heavy civil construction space.”

Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.