MONTREAL, May 31, 2011 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased
to announce that it has been selected to perform the front end
engineering and design (FEED) for Petróleos de Venezuela, S.A.'s
(PDVSA) Rio Caribe-Mejillones gas-condensate development offshore
Venezuela. This award follows SNC-Lavalin's successful completion of
the concept screening phase in 2010.
The project site is located about 40 km north of the Peninsula De Paria
in the eastern part of Venezuela. The development will initially
comprise an early production system using a wellhead platform and
floating production, storage and offloading (FPSO) facilities. It will
export 30,000 barrels of condensate per day by shuttle tanker, and gas
will be re-injected for future recovery. The second phase will involve
full field development comprising two further platforms, subsea wells
and a gas export pipeline to shore at Guiria. Gas production will be
600 million standard cubic feet per day (mmscfd).
This project is part of PDVSA's Project Delta Caribe Oriental
development, which will produce about 2,000 mmscfd from Rio
Caribe-Mejillones, the adjacent Dragon-Patao fields and the Plataforma
Deltana (Loran) field 300 km southeast of Guiria. Gas will be used for
the Venezuelan national market and exported as liquefied natural gas
(LNG). SNC-Lavalin was previously contracted by PDVSA to review the
Dragon-Patao field development and will also manage the FEED for the
"We are proud of the confidence PDVSA has shown in SNC-Lavalin's
technical expertise and are looking forward to working with them on
this important development," said Jean Beaudoin, Executive
Vice-President, SNC-Lavalin Group Inc.
The FEED work is expected to take 18 months.
SNC-Lavalin is one of the leading engineering and construction groups in
the world and a major player in the ownership of infrastructure, and in
the provision of operations and maintenance services. SNC-Lavalin has
offices across Canada and in over 35 other countries around the world,
and is currently working in some 100 countries. In business since 1911,
the Company celebrates its 100th anniversary in 2011. www.snclavalin.com.
For further information:
| Media: || Investors: |
| Leslie Quinton |
Vice-President, Global Corporate Communications
SNC-Lavalin Group Inc.
514-393-8000, ext. 7354
| Denis Jasmin |
Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-393-8000, ext. 7553