FT SERVICES AWARDED NEW MAINTENANCE CONTRACT AT SHELL CANADA'S SCOTFORD COMPLEX IN ALBERTA

November 20, 2008

CALGARY, AB - FT Services has been awarded a contract with an approximate value of $50 million over its two-year term to provide turnaround management and execution services to Shell Canada Limited (Shell) at the Scotford Complex, Fort Saskatchewan, Alberta.

"FT Services was chosen for the contract due to our world-class asset management capabilities currently used by existing clients across Canada," said Andy Mackintosh, President and CEO, FT Services. "This is FT Services' first Edmonton-based contract which is significant both as a strategic growth centre and our third prestigious client in the Canadian oil and gas industry," he added.

With staffing currently underway, the agreement commenced effective November 1, 2008. This is a performance-based, risk and reward type of contract based on achieving performance targets set with Shell. FT Services will implement the One Team approach, where all companies involved, including the client, work as one team to achieve a common goal of operational excellence. 

BACKGROUND 

FT Services was formed in August 2006 to deliver operations and maintenance solutions to the oil and gas, mining and mineral processing, petrochemical and power generation sectors in Canada. FT Services brings together Transfield Services' global experience in asset management and maintenance of complex systems and technologies together with Flint Energy Services' extensive Canadian hydrocarbons expertise and customer relationships. FT Services' business model provides best practices in safety performance, asset management and turnaround management systems and project execution. Our approach leads to a demonstrable step change in asset performance through our collaborative contracting approach. http://www.ft-serv.com/

Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 29,000 employees in Australia, New Zealand, the United States, the United Arab Emirates, Qatar, New Caledonia, South East Asia, India, Chile and Canada. Transfield Services Limited is publicly listed in Australia and included in the S&P/ASX 100. http://www.transfieldservices.com/

Flint Energy Services is a market leader providing an expanding range of integrated products and services for the oil and gas industry including: production services; field construction; oilfield transportation; process equipment design and manufacturing; and tubular management services. Flint provides this unique breadth of products and services through over 62 strategic locations in the oil and gas producing areas of western North America, from Inuvik in the Northwest Territories to Mission, Texas on the Mexican border. Flint is a preferred provider of infrastructure construction management, module fabrication, and maintenance services for upgrading and production facilities in Alberta's fast growing oil sands sector. http://www.flint-energy.com/