North American Energy Partners Inc.

North American Energy Partners Inc.

November 29, 2005 23:59 ET

North American Energy Partners Inc. wins five (5) year reclamation contract

ACHESON, ALBERTA--(CCNMatthews - Nov. 29, 2005) - North American Energy Partners Inc. ("NAEPI"), through its subsidiary North American Mining Inc., today announced that it was awarded a five (5) year reclamation services contract from Syncrude Canada Ltd. ("Syncrude") on their Mildred Lake oil sands mine site, 35 kilometers north of Fort McMurray, Alberta. "We are extremely pleased to have earned Syncrude's business to continue for another five years in providing reclamation services," reported Rod Ruston, President and CEO. "This is another example of a successful contract renewal for us in our main market area, the Alberta oil sands."

The scope of services under the contract is to move approximately 15.7 million cubic meters of muskeg (wet peat soil) and other secondary material with work scheduled to commence January, 2006 and run for five (5) years through to August, 2010. Reclamation is the final stages of the mining process where material that is suitable as a growing medium is placed over various areas in the oil sands mine site to return the land to a stable, biologically self-sustaining state.

NAEPI is one of the largest providers of mining and site preparation, piling and pipeline installation services in western Canada.

This news release contains forward-looking statements. Actual results could differ materially from those contemplated by such forward-looking statements as a result of any number of factors and uncertainties, many of which factors may be beyond our control. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in NAEPI's registration statement filed with the United States Securities and Exchange Commission. Undue reliance should not be placed upon forward-looking statements and we undertake no obligation to update those statements.

Contact Information

  • Vincent Gallant
    Vice President
    Corporate North American Energy Partners Inc.
    (780) 960-2255
    Email: vgallant@nacg.ca