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Black Diamond signs lease for workforce housing

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LNG Industry,

Black Diamond Group, a leading provider of remote workforce housing in North America, has announced that Black Diamond Dene Ltd Partnership has acquired an operating camp lease and certain related infrastructure of a remote workforce housing lodge in the Horn River area of northeastern British Columbia (B.C.).

Trevor Haynes, President and Chief Executive Officer for Black Diamond Group Ltd, said: “This is a unique opportunity for Black Diamond to service customers active in the Horn River Basin and satisfy the future housing demand we anticipate from increased B.C. natural gas exploration and production stemming from LNG export projects.”

The facility has been operated by a leading North American energy producer and managed by Black Diamond since 2008. Black Diamond will operate the facility as an open camp. Three anchor tenants, which are active in exploration and production in the region, have been secured for the 425-room lodge with incremental contracted revenue expected to exceed US$ 17 million through 2015.

Adapted from press release by

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