SNC-Lavalin awarded major oil sands project in Alberta

CALGARY, Nov. 8, 2011 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) has been awarded a major contract by a major oil sands mining producer to provide engineering, procurement and construction (EPC) services for a froth treatment plant in the Fort McMurray region. The value of the contract is in excess of $650 million.

The froth treatment plant will process 155,000 barrels of feedstock per day from the bitumen extraction plant in the form of bitumen froth.

"Our EPC track record in the oil sands and commitment to Health & Safety has been a key factor in securing this prestigious contract", said Andy Mackintosh, Executive Vice-President, SNC-Lavalin Group Inc.  "Our knowledge and experience of oil sands technology and heavy oil recovery positions us well for the future."

The engineering phase is now underway and construction is scheduled to begin in February 2012. Mechanical completion for the construction is expected in September 2014.

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 40 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.

SOURCE SNC-LAVALIN

For further information:

Media: Investors:
Leslie Quinton
Vice-President, Global Corporate
Communications
SNC-Lavalin Group Inc.
514-390-8000, ext. 7354
leslie.quinton@snclavalin.com
Denis Jasmin
Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-390-8000, ext. 7553
denis.jasmin@snclavalin.com

 

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