‘Fort McMurray will get rebuilt’: Oil services companies start work on resurrecting oilsands hub

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As firefighters battle the Fort McMurray blazes, the arrival of bankers and appraising officers in lodging camps suggest the resurrection of the oilsands’ hub has begun.

Even as firefighters battle the Fort McMurray blazes, the arrival of bankers and appraising officers in lodging camps suggest the resurrection of the oilsands’ hub has already begun.

“The first phase was safety,” said Rod Graham, president and chief executive officer of Horizon North Logistics Inc., which provides lodging services to the oilsands. “Now we are in the second, assessment phase and have insurance people, adjusters, cleaning people and bankers in our camps.”

Workers from major oilsands companies Suncor Energy Inc. and Royal Dutch Shell Plc. are also returning to Horizon’s camps as the industry brings back 1.2 million barrels per day of oil that went offline after wildfires led to the evacuation of the entire Fort McMurray town.

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