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Irving-owned company wins contract to build supply vessel for Deep Panuke

Published on March 13, 2009; Published on January 3, 2010
The Canadian Press ~ The News

Topics :: Atlantic Towing , EnCana Corp. , TSX , Nova Scotia

HALIFAX - Irving-owned Atlantic Towing Ltd. has won a contract for offshore supply vessel services from EnCana Corp. (TSX:ECA).

Under the contract, a new supply vessel will be built to service the Calgary-based firm's Deep Panuke offshore gas project off Nova Scotia.

The work will take place at the Halifax Shipyard and is expected to create 200 new jobs at its peak.

Building the ship will generate an estimated payroll of $20 million, and will result in about $14 million in purchases of goods and services from Nova Scotia suppliers.

Engineering and design work is expected to begin immediately, with delivery of the vessel scheduled for the fourth quarter of 2010.

Deep Panuke is expected to start producing natural gas in late 2010.

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Comments

Roger Langille

- January 18, 2010 at 12:17:29

With local steel supply this company will be able to cut its delivered cost for the metals by nearly 25%.
I think that will put them in a good position to Win many more.
If the people of Nova Scotia put the NDP in office with a Majority I will build these plants and supply these yards as well as anyone else wanting to buy steel at world market prices here !

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