The President and CEO of Horizon North Logistics has provided a few more details regarding the recent announcement it has signed several new work camp construction contracts with unnamed energy companies operating in BC and Alberta.
It said Horizon North will provide full service solutions for accommodation, catering and associated camp management services and the aggregate revenue of these new contracts is expected to be $41.7 million over a three year rental term.
However, Rod Graham has also confirmed his company, which is headquartered in Calgary, builds camps which he described as high quality, smaller and more private than the larger more conventional oil patch construction camps.
Horizon North has from seven to eight hundred BC resident employees, and from a manufacturing perspective is based in Kamloops, with current or targeted projects at sites, on both sides of the border, in the Montney Region.
He declined to get too specific, but he suggested they would range from 50 to 200 rooms—as opposed to the one thousand plus often associated with the larger camps—and they would target the core employees of the oil and gas company clients involved.
In last week’s news release he noted that despite recent commodity price volatility, certain customer companies operating in the Montney Region are moving forward with plans to supply gas to future west coast liquefied natural gas facilities.
However, Horizon North also acknowledged the news release contained forward looking statements or disclosures based on management expectations, and it’s conceded there’s no assurance they will prove to be correct.