Oil States Announces the Opening of a New Oil Sands Lodge
HOUSTON, Feb. 27, 2013 (GLOBE NEWSWIRE) -- Oil States International, Inc.
(NYSE:OIS) announced today that the Company's Canadian subsidiary, PTI Group
Inc. ("PTI") has opened a new Canadian Lodge, Anzac Lodge, located South of
Fort McMurray in the Athabasca oil sands region of Alberta, Canada. PTI
designed, built, owns and manages the new lodge, which has an initial capacity
of 338 rooms. The lodge began operations in January of 2013.
Construction of Anzac Lodge is backed by an initial one-year contract for the
majority of the initial capacity in support of in-situ operations. Longer
term, Anzac Lodge will support in-situ operations in the southern oil sands
play along with pipeline infrastructure expansions.
Anzac provides PTI's full suite of first-class accommodations and services
including catering, ancillary and convenience services, internet service,
conference rooms and leisure facilities for fitness, entertainment and
"We are pleased to announce the opening of a new lodge in support of our
customer's growing accommodation needs," stated Cindy B. Taylor, Oil States'
President and Chief Executive Officer. "Anzac is our seventh major lodge in
the oil sands region and provides us with greater exposure to in-situ
development and pipeline infrastructure expansions in a growing area of
concentrated customer activity."
Oil States International, Inc. is a diversified oilfield services company and
is a leading integrated provider of remote site accommodations with prominent
market positions in the Canadian oil sands and the Australian mining regions.
Oil States is also a leading manufacturer of products for deepwater production
facilities and subsea pipelines as well as a provider of completion-related
rental tools, oil country tubular goods distribution and land drilling
services to the oil and gas industry. Oil States is publicly traded on the New
York Stock Exchange under the symbol OIS. For more information on the Company,
please visit Oil States International's website at
The foregoing contains forward-looking statements within the meaning of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements are those that do not state historical facts and
are, therefore, inherently subject to risks and uncertainties.The
forward-looking statements included therein are based on then current
expectations and entail various risks and uncertainties that could cause
actual results to differ materially from those forward-looking
statements.Such risks and uncertainties include, among other things, risks
associated with the general nature of the oilfield service industry and other
factors discussed in the "Business" and "Risk Factors" sections of the Form
10-K for the year ended December 31, 2012 filed by Oil States with the SEC on
February 20, 2013.
The Oil States International, Inc. logo is available at
CONTACT: Bradley J. Dodson
Oil States International, Inc.
Oil States International, Inc.
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