MONTREAL, March 1, 2016 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that it has been awarded a significant oil and gas contract in the Middle East with an approximate value of $800 million.
The contract further cements SNC-Lavalin's position in the Middle East. The project will involve developing the infrastructure and processing facilities for a gas field, with SNC-Lavalin's lump sum turnkey engineering, procurement and construction (EPC) scope on the project including connecting gas producing wells into the main processing plant.
"A substantial award such as this shows our continued focus on our clients and the resilience of our business model, despite the ongoing pressures in the industry," said Christian Brown, President, Oil & Gas, SNC-Lavalin. "We are very pleased to grow our project portfolio with this key client and are excited to be combining resources from Valerus, our gas handling and processing experts, with our strong engineering team to deliver this project."
For over 50 years, SNC-Lavalin has been successfully delivering projects in the Middle East across a variety of industry sectors, including infrastructure, oil and gas, mining and power. With close to 25 percent of its global workforce based in the Middle East, SNC-Lavalin's broad presence in this key growth region allows the company to deliver sustainable, customized and high-quality project solutions to its local clients.
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 and Construction (EPC) and Engineering, Procurement, Construction and Management (EPCM) services to clients in a variety of industry sectors, including 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
For further information: Media: Louis-Antoine Paquin, Public Relations Manager, Global Corporate Communications, 514-393-8000, ext. 54772, [email protected]; Investors: Denis Jasmin, Vice President, Investor Relations, 514-393-8000, ext. 57553, [email protected]