Civeo announces a 12-year contract renewal in canada

Houston & calgary, alberta--(business wire)--civeo corporation ("civeo" or the "company") (nyse:cveo) today announced that the company has been awarded a contract renewal to continue providing rooms and hospitality services at its wapasu lodge in the canadian oil sands for imperial oil resources limited. the highlights of the contract award include a 12-year, take-or-pay contract inclusive of daily minimum occupancies that balance rate reductions with a range of planned cost savings initiatives
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