Civeo Awarded Six-Year Western Canada Contract Renewal

Civeo Awarded Six-Year Western Canada Contract Renewal

Civeo Corporation (NYSE: CVEO) today announced that one of its Western Canadian based joint ventures has been awarded a six-year contract renewal in Western Canada to continue providing workforce accommodations and hospitality services.

The new agreement extends through June 30, 2032, superseding existing arrangements that were scheduled to expire in 2027.

Under the renewed agreement, the joint venture will provide safe, reliable and scalable workforce accommodation services across Civeo’s network of lodges in Western Canada.

“We are appreciative of the continued trust our customer places in Civeo and our joint venture partnership to help ensure their employees and contractors are safe, productive and connected to their families while working away from home,” said Andy S. Fraser, President, Civeo Canada. “This contract renewal reflects the strength of our long-standing customer relationships, the quality and reliability of our Canadian operations, and our ability to provide flexible, cost-effective workforce accommodation services at scale.”