Langley, British Columbia-based Britco, a division of WesternOne Inc. (TSE: WEQ), is launching a major workforce housing project for Devon Energy Corporation, an oil and natural gas company.
Britco is one of Canada‚Äôs largest modular construction companies.
This project involves building accommodations that will make up more than 1,500 rooms.
The $100 million project will create 275 full-time equivalent jobs for a year.
Britco‚Äôs modular construction¬†facilities in Agassiz and Penticton, BC will build the homes.
The project launch in Penticton will be attended by British Columbia Premier Christy Clark, who said that Britco‚Äôs success shows that the plan to attract investments in the BC energy and resource sector will pay off in opportunities and jobs for citizens all over the province.
This is Britco‚Äôs second project of this kind for Devon. They recently finished an 880-room workforce accommodation project for Devon in the same region in Northern Alberta.
Chris Seasons, president of Devon Canada Corporation, said these housing projects were an important element of their business success. He said the superior accommodations help attract the brightest and best talent for working on the company‚Äôs oil sands projects in Alberta.
Seasons also added that the Britco contract was an excellent example of benefits from the oil sands flowing directly to the province of British Columbia and its people.
Rising demand for workforce housing in the energy, mining and infrastructure sectors in Western Canada and the U.S. has helped Britco more than double its workforce in BC in recent years. Britco now has more than 500 employees in Western Canada, and around 1,000 overall.
Rob King, CEO of WesternOne, said that work on projects in the energy and resource sector in BC and Alberta has allowed them to create jobs not just in BC, but also given the company an opportunity for international expansions into the United States and Australia.
Britco‚Äôs U.S. modular construction facility is located in Waco, Texas. APB Britco has facilities in three locations in Australia.
Work on the new project for Devon Energy will begin next month, and is expected to be completed and commissioned by December 2015.