- ClearStream (CSM) has announced several new project and contract awards
- These new project and contract awards are estimated to generate approximately $218 million in backlog
- The work will be executed by ClearStream’s Flint, ClearWater, Environmental, Universal Weld Overlays and Wear Technologies divisions
- Approximately one-third of the work will be executed in 2022 with the balance scheduled for 2023-2026
- ClearStream Energy Services Inc. (CSM) is in the grey, trading at C$0.05 at 1:08 pm EST as of yesterday
ClearStream Energy Services (CSM) has provided updates on new project and contract awards booked with several leading North American energy companies.
These new project and contract awards are estimated to generate approximately $218 million in the backlog.
The work will be executed by ClearStream’s Flint, ClearWater, Environmental, Universal Weld Overlays and Wear Technologies divisions. It will be comprised of heavy equipment operators, maintenance, turnarounds, fabrication, pipeline and facility construction, electrical and instrumentation, corrosion and abrasion wear technologies, and abandonment and reclamation services.
Approximately one-third of the work will be executed in 2022 with the balance scheduled for 2023-2026.
“These new project and contract awards are positive indicators that our integrated service model is bringing continued value to our client’s assets,” said Yves Paletta, Chief Executive Officer.
“We are proud to be a trusted provider of asset integrity services and appreciate the confidence that our clients have demonstrated with these awards, which reflect their willingness to secure capacity for the next few years with reliable service providers,” added Paletta.
ClearStream provides solutions to the Energy and Industrial markets including Oil & Gas, Petrochemical, Mining, Power, Agriculture, Forestry, Infrastructure and Water Treatment.
With offices strategically located across Canada and a dedicated workforce, we provide maintenance, construction, wear technology and environmental services that keep our clients moving forward.
ClearStream Energy Services Inc. (CSM) is in the grey, trading at C$0.05 at 1:08 pm EST as of yesterday.
