Thu. Nov 28th, 2024

BREAKING NEWS

Exciting News: Acden Vertex Limited Partnership Secures 5-Year MSA with Major Oilsands Provider

[Date] – Acden Vertex Limited Partnership, a leading provider of specialized services to the energy industry, is thrilled to announce that it has secured a 5-year Master Service Agreement (MSA) with a major oilsands provider in Western Canada.

Under the terms of the agreement, Acden Vertex will provide a range of specialized services, including drilling and completion, well intervention, and production optimization, to support the client’s ongoing operations in the oilsands region.

"We are extremely pleased to have secured this significant agreement with a major oilsands provider," said [Name], CEO of Acden Vertex. "This partnership demonstrates our commitment to delivering exceptional services to the energy industry and our ability to adapt to the evolving needs of our clients."

The MSA is a testament to Acden Vertex’s expertise and reputation in the energy sector, and its ability to provide customized solutions to meet the unique needs of its clients. The agreement is expected to generate significant revenue for Acden Vertex over the next five years and will create new job opportunities for the company’s employees.

"We are committed to delivering exceptional services to our clients and to supporting the growth and development of the energy industry in Western Canada," said [Name]. "We look forward to a successful partnership with our new client and to continuing to play a key role in the region’s energy sector."

KEYWORDS

  • Acden Vertex Limited Partnership
  • Master Service Agreement (MSA)
  • Oilsands provider
  • Drilling and completion
  • Well intervention
  • Production optimization
  • Energy industry
  • Western Canada
  • Job opportunities
  • Revenue growth
  • Partnership
  • Energy sector
  • Customized solutions
  • Exceptional services

RELATED TAGS

  • Energy news
  • Oil and gas news
  • Acden Vertex news
  • MSA news
  • Oilsands news
  • Drilling and completion news
  • Well intervention news
  • Production optimization news
  • Energy industry news
  • Western Canada news
  • Job opportunities news
  • Revenue growth news
  • Partnership news
  • Energy sector news
  • Customized solutions news
  • Exceptional services news

Hey guys, some exciting news just came through from $VTX, one of North America’s leading environmental services providers.

$VTX has secured a significant five-year MSA through its LP with Acden—known as Acden Vertex Limited Partnership—to provide comprehensive environmental services to a major oilsands provider in the Regional Municipality of Wood Buffalo, Alberta.

This agreement is expected to generate about $2 million annually, totaling $10 million over the contract’s duration.

Services covered in this MSA include:

  • Groundwater Monitoring Program

  • Wetlands/Waterbodies Monitoring Program

  • Wildlife Monitoring Program

  • Air Quality Monitoring & Reporting

  • Remediation & Reclamation Services

  • Operational Environmental Support

For those who may not know, $VTX has been a key player in the environmental services industry since 1962. Headquartered in Sherwood Park, Alberta, $VTX employs around 1,000 people, including lease operators, who are dedicated to helping clients achieve their developmental and operational goals. Their services span the entire lifecycle of industrial projects—from initial site selection and regulatory approvals to construction, operation, and environmental cleanup. $VTX serves a diverse range of sectors, including energy, mining, utilities, construction, telecommunications, and more.

For $VTX, forming a limited partnership with Acden is a strategic move that allows them to combine strengths with an Indigenous partner who has deep regional knowledge and connections. Acden, which is 100% owned by the Athabasca Chipewyan First Nation, brings invaluable local insights and relationships, while $VTX contributes its extensive environmental expertise and resources. This structure enables both partners to share the benefits and responsibilities of the business, while also supporting Indigenous participation in large-scale industrial projects.

Disclaimer: This is not financial advice please do your own research before investing.



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