North American Construction Group Ltd (NACG) has recently announced the successful negotiation of a two year extension to a key Master Services Agreement, with a major oil sands customer, taking the expiration date to August 2022. As part of the associated work scope, the company has secured a three year term commitment for overburden removal, commencing after the completion of the previously announced 2018 work. The value of this backlog is expected to be around C$120 million.

Martin Ferron, Chairman and CEO, stated: “We believe that demand for safe and cost-effective earthworks services in the oil sands remains very strong, resulting in a tightening of suitable equipment availability. In these positive circumstances, we are delighted to have negotiated our first term contract in several years.”