December 16, 2009 (FinancialWire) — Oil States International, Inc. (NYSE: OIS) said that a subsidiary of Oil States’ Canadian accommodations company, PTI Group Inc. (PTI), was awarded a three-year contract by Imperial Oil Ltd. to provide accommodations in support of Phase I of the Kearl oil sands development.

In connection with the contract, PTI will expand its existing Wapasu Creek Lodge to provide accommodations for up to 4,500 of IOL’s employees and contractors involved in the initial construction efforts for the Kearl project. The initial three year contract term commences April 1, 2010 and extends through March 31, 2013. IOL has the option to extend the contract for further phases of the Kearl development. The contract will provide employment to over 500 catering, housekeeping and maintenance staff with a focus on Aboriginal and local hiring.

The PTI Wapasu Creek Lodge, located Northeast of Fort McMurray, Alberta, is in the heart of the oil sands developments. This lodge currently houses approximately 2,900 rooms and will be expanded to slightly more than 5,000 rooms to support the Kearl contract.

Oil States will begin its Wapasu Creek Lodge expansion in the fourth quarter of 2009. Additional capital expenditures will be necessary to expand the Wapasu Creek Lodge in 2010 to satisfy IOL’s ultimate accommodations needs. In total, Oil States estimates that the IOL contract will generate approximately $460 million of revenues over the first three years of the contract.

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