Hyduke Energy Services Inc. and AltaGas Ltd. Sign a Definitive Construction Contract for Work on AltaGas Ltd.'s Ridley Island Propane Export Terminal
Hyduke Energy Services Inc. ("Hyduke" or the "Company") announced today that it has entered into a definitive construction contract with AltaGas Ltd. ("AltaGas") to provide steel fabrication and construction services for the assembly and completion of the 95,000 cubic metre propane storage tank for AltaGas' Ridley Island Propane Export Terminal, located on Ridley Island, near Prince Rupert, B.C. (the "Project.")
"We are excited to have been awarded this contract and look forward to developing a long-standing relationship with AltaGas for current and future endeavors," said Pat Ross, Chief Executive Officer of the Company.
Under the terms of the contract Hyduke will provide supervision, labour, welding and equipment necessary for completion of the tank project.
Hyduke's involvement in the Project supports the Company's growth strategy to expand its engineering and fabrication services beyond its legacy business of drilling and well servicing equipment.
The recently announced acquisitions of Western Manufacturing Ltd. of Hythe, Alberta and Avalanche Metal Industries Ltd. of Kelowna, B.C. are consistent with Hyduke's strategy to diversify the Company's capabilities across Western Canada.
Trading on the TSX under the symbol "HYD," Hyduke Energy Services Inc. is a supplier of equipment and services to the oil and gas drilling and well servicing industry.
SOURCE: Hyduke Energy Services Inc.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.