PSN Committed To Keeping Workforce in Newfoundland

Bob Keiller, chief executive officer, and Roger Clarke, vice-president (Canada), have officially launched Production Services Network (PSN) in Canada at a news conference in St. John's, Newfoundland. They were joined by President of the St. John's Board of Trade, Ray Dillon.

The Canadian headquarters for the international oil and gas service contractor is in St. John's. Keiller supported PSN's Canadian team in its commitment to keep its nearly 300 Newfoundland and Labrador employees at work in its Canadian headquarters.

"This is a huge day for PSN as we officially launch our company in Canada," said Keiller. "There's a real success story to be told. Roger Clarke and his team have created a 178 per cent increase in turnover in the past 3 years - from $45 million (CAN$) in 2003 to $125 million (CDN$) turnover. And, the workforce in St. John's has grown from 87 people three years ago to nearly 300 people onshore and offshore today."

Keiller said PSN offers its clients flexibility while offering its employees job security.

In addition to the work it does for the Terra Nova and Hibernia projects in Newfoundland and Labrador, PSN Canada has been acquiring work from its network around the world. Clarke is also aggressively pursuing business opportunities in western Canada. The difference, he says, is that he intends to bring the work back to Newfoundland and Labrador rather than send people away from home.

"Our business development plan for Canada is focusing heavily on the work required for the energy sector in Alberta," said Clarke. "There is a high deficit of labour skills in Alberta right now and we have the answer, right here in St. John's. There is no reason in the world why we shouldn't provide engineering and other related support to projects in the oilsands from our offices on Water Street." Clarke also indicated that his company is ready to move on any future work which may occur off Canada's east coast.

Ray Dillon, President of the St. John's Board of Trade, welcomed PSN to the capital region. "I am more than encouraged by the commitment of PSN to our province," said Dillon. "It is this kind of enthusiasm from the business community that injects a feeling of opportunity and growth into our local economy." Dillon also said the economic activity arising from the oil and gas sector is indeed part of why Newfoundland and Labrador will continue to lead the Atlantic provinces in growth again in 2007, with the Atlantic Provinces Economic Council forecasting real GDP to be at nearly 5%.

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Posted 17/11/06

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