MONTREAL, Feb. 26, 2018 /CNW Telbec/ - SNC-Lavalin's (TSX: SNC) is pleased to announce that its subsidiary in Saudi Arabia has been awarded a 5-year framework agreement to provide In-Kingdom General Engineering Services to Al Khafji Joint Operations ('KJO') (a joint operating company between Aramco Gulf Operations Company Limited and Kuwait Gulf Oil Company). KJO is responsible for oil and gas exploration, development and production in the off-shore area close to the Saudi-Kuwait border, including the Khafji and Hout Oil Fields which have been in production since the 1960's.
The signed agreement between KJO and SNC-Lavalin Kentz Engineering Consultancy will cover both on-shore and off-shore engineering projects to support KJO in maintaining the maximum sustainable production, utilizing the most up-to-date technology while implementing KJO's continuous improvement program. The engineering services for the project will be executed from the subsidiary's engineering office in Al Khobar in Eastern Province, Saudi Arabia, and will be supported by SNC-Lavalin's global centers of engineering excellence worldwide.
Christian Brown, President, Oil & Gas, SNC-Lavalin, said "This contract award continues the strong working relationship between KJO and our team, whereby the group has supported KJO with engineering services on a continuous basis since 2009. Such framework agreements allow us to work closely as a partner to our clients, and provide valuable services over many years."
Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees are proud to build what matters. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction, sustaining capital and operations and maintenance – to clients in oil and gas, mining and metallurgy, infrastructure and power. On July 3, 2017, SNC-Lavalin acquired Atkins, one of the world's most respected design, engineering and project management consultancies. www.snclavalin.com
For further information: Media, Daniela Pizzuto, Director, External Communications, 514-393-8000, ext. 54772, [email protected]; Investors, Denis Jasmin, Vice President, Investor Relations, 514-393-8000, ext. 57553, [email protected]