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The Canadian Press - ONLINE EDITION

Finning signs contract with Imperial Oil for Kearl oilsands project

By: THE CANADIAN PRESS

9/02/2010 6:50 PM | Comments: 0

VANCOUVER, B.C. - Finning International Inc. (TSX:FTT) said Tuesday it has won a contract to be a mining mobile equipment supplier for Imperial Oil Ltd.'s (TSX:IMO) Kearl oilsands project.

Financial details were not immediately available.

The ten-year agreement includes the supply of Caterpillar equipment, parts, specialized maintenance labour and training.

Slated to start up in 2012, the first phase of Kearl has a planned capacity of 100,000 barrels of oil per day. At its peak, Kearl could produce as much as 345,000 barrels per day.

Finning is the world's largest Caterpillar equipment dealer.

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