SOURCE: CH2M HILL

CH2M HILL

January 18, 2012 14:59 ET

CH2M HILL Signs Major Framework Agreement With Statoil Canada Ltd.

CALGARY, AB--(Marketwire - Jan 18, 2012) - CH2M HILL (www.ch2mhill.com), a global full-service consulting, design, construction, and operations firm, is pleased to announce a recent signing of a significant Framework Agreement (FA) with Statoil Canada Ltd. Valued at nearly $400 million (total installed cost), CH2M HILL's FA is for Engineering, Procurement, Construction (EPC).

"CH2M HILL Canada is very excited about the opportunity to work with Statoil," said Tom Searle, President of CH2M HILL Canada. "They're revolutionaizing the industry and our people are up to the challenge. It's an exciting time to be at CH2M HILL and this is a game changer for our oil sands initiative."

"We wanted a partner that shared Statoil's core values of being courageous, open, hands-on and caring," said Cindy McEwan, Procurement Manager with Statoil Canada Ltd. "CH2M HILL's reputation on ethics, the environment and caring for people, and its excellent project delivery capabilities, were significant factors in our decision."

Northern Alberta, where Statoil's Leismer Demonstration Project is being constructed, contains the world's largest known reserves of unconventional oil. Statoil is developing this resource in close consultation with local communities and environmental groups.

STATOIL

Statoil is an international energy company, headquartered in Norway, with operations in 34 countries. Building on more than 35 years of experience from oil and gas production on the Norwegian continental shelf, Statoil is committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil has 20,000 employees worldwide and is listed on the New York and Oslo stock exchanges. For further information, please visit www.statoil.com.

CH2M HILL

Employee-owned CH2M HILL is a global leader in consulting, design, design-build, operations, and program management for government, civil, industrial and energy clients. The firm's work is concentrated in the areas of water, transportation, environmental, energy, facilities and resources. CH2M HILL has 1,500+ staff in Canada and more than 30,000 employees globally. With US$6.3 billion in revenue, CH2M HILL is an industry-leading program management, construction management and design firm, as ranked by Engineering News-Record and named a leader in sustainable engineering by Verdantix. Visit us at http://www.ch2mhill.com, twitter.com/ch2mhill and facebook.com/ch2mhill.