Black Diamond Group Limited, headquartered in
four large scale contracts to provide remote workforce accommodations in
western
The projects will house workers for customers serving a variety of industries
including pipeline and infrastructure, mining and conventional oil and natural
gas.
The terms of the contracts range from one to three years,
provide for in excess of 1,600 beds and are projected to generate aggregate
revenue of approximately $100 million. That’s a cost of $62,000 per bed! I’m
guessing that its approximate 50% equity participation in certain aboriginal
limited partnerships might have helped its chances of getting these contracts.
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| A Black Diamond Workforce Camp |
New equipment to complete the projects will be acquired at a
capital cost of approximately $20 million.
“These long-term accommodation projects compliment our
already robust pipeline for the third and fourth quarters,” said Trevor
Haynes, President and CEO, “We are very pleased with the level of
visibility we have going into the second half of 2013 and anticipate
considerable growth on a year-over-year basis.”
Only in business for 10 years, Black Diamond Group Limited
has become a leading provider of remote workforce accommodations, modular space
solutions and oilfield products and services in
the
its corporate head office located in Calgary, Alberta, Black Diamond provides
its products and services to a full spectrum of industries including oil,
natural gas, mining, power, construction, engineering, military, government and
education.
