Brief: Civeo Announces A 12-Year Contract Renewal In Canada

Civeo

18/07/2022 22:02

July 18 (Reuters) - Civeo Corp  CVEO.N :
    * CIVEO ANNOUNCES A 12-YEAR CONTRACT RENEWAL IN CANADA
    * CIVEO CORP- AWARDED A CONTRACT RENEWAL TO CONTINUE
PROVIDING
ROOMS AND HOSPITALITY SERVICES AT ITS WAPASU LODGE IN CANADIAN
OIL SANDS FOR IMPERIAL OIL RESOURCES
    * CIVEO CORP- EXPECTS TO DEPLOY APPROXIMATELY C$5 MILLION IN
CAPITAL, PRIMARILY IN 2022
    * CIVEO CORP- RAISING ITS FULL YEAR 2022 CAPITAL EXPENDITURE
GUIDANCE TO US$24-US$29 MILLION
    * CIVEO CORP- NEW AGREEMENT COMMENCES NOVEMBER 1, 2022 AND
WILL
TERMINATE ON OCTOBER 31, 2034
    * CIVEO CORP- NEW AGREEMENT INCLUDES APPROXIMATELY C$500
MILLION
OF GUARANTEED TAKE-OR-PAY REVENUES

Source text for Eikon:  ID:nBw7MnV9Pa 
Further company coverage:  CVEO.N 

 ((Reuters.Briefs@thomsonreuters.com;))