390 Million 5 year contractCALGARY, ALBERTA--(Marketwired - Jan 4, 2017) - ClearStream Energy Services Inc. ("ClearStream") (TSX:CSM) is pleased to announce that it has successfully renewed a five year maintenance contract with a major oilsands producer in the Fort McMurray region. This contract will be carried out by ClearWater Energy Services, a subsidiary of ClearStream and is expected to generate approximately $390 million of revenue over the term of the contract.
"We are extremely pleased with this strategic win that will allow us to continue a longstanding relationship with a valuable customer. ClearStream has provided maintenance services to customers in the Fort McMurray region for over 25 years and this major contract renewal provides us with the stability to maintain and grow our presence in the Fort McMurray region for years to come," said John W. Cooper, Chief Executive Officer of ClearStream.