SNC-Lavalin awarded five-year agreement for maintenance and sustainment projects in Alberta

MONTREAL, Dec. 21, 2016 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that its subsidiary, Kentz Canada Ltd., through a joint venture with ClearStream was awarded a five-year agreement with a prominent integrated oil company to provide engineering and procurement services for maintenance and sustainment projects in the Athabasca Oil Sands region located in Alberta, Canada.

"We are pleased to build upon our long-term relationship with this international client," said Martin Adler, President, Oil & Gas, SNC-Lavalin. "The award expands our activities in the Fort McMurray region, and we will be working together to ensure we maximize the efficiency for our client of these important Canadian assets for energy production."

SNC-Lavalin's JV partner, ClearStream Energy, is a publicly traded company (TSX:CSE) and provides integrated solutions for construction, fabrication, operations and maintenance. The JV, Kentz-Clearstream Joint Venture (KCJV), strengthens both companies' full spectrum offerings in the energy and industrial market.

About SNC-Lavalin
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide engineering, procurement, construction, completions and commissioning services together with a range of sustaining capital services to clients in four industry sectors: oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com

 

SOURCE SNC-Lavalin



For further information: Louis-Antoine Paquin, Manager, Media Relations, 514-393-8000 x54771, louis-antoine.paquin@snclavalin.com; Denis Jasmin, Vice President, Investor Relations, 514-393-8000 x57553, denis.jasmin@snclavalin.com

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