MONTREAL, Sept. 16, 2019 /CNW Telbec/ - SNC-Lavalin
(TSX: SNC) announces that it has been awarded a general
engineering, project management and technical support services
contract from Al Yasat Petroleum, a joint venture between Abu Dhabi
National Oil Company (ADNOC) and China National Petroleum
Corporation (CNPC), with an estimated value of approximately
$52 million CAD.
Under the three-year agreement, extendable for two years,
SNC-Lavalin will partner with Al Yasat Petroleum extending the
engineering and project support arm, in line with the Al Yasat
Smart Growth Operating Model. The scope of work includes conceptual
studies and design, front end engineering and design (FEED),
execution planning, detailed engineering for small works and
specialized studies. SNC-Lavalin will support Al Yasat in managing sub-contracts, procurement
services and market surveys. As part of this agreement, SNC-Lavalin
will also provide its digital expertise to help Al Yasat in the ambitious digital transformation
plan using latest technologies. Project support includes project
services and securing Al Yasat with
manpower to be part of an integrated project management team.
"With over 50 years of presence in the Middle East, we have built a reputation for
creating long-term value for leading international and national oil
companies. This win underpins our successful track record and
strategic approach to growing our business in engineering and
consulting services," said Craig
Muir, President, Resources, SNC-Lavalin. "We are proud to
support Al Yasat Petroleum on this project, and we will ensure it
is efficiently delivered to the highest quality standards by
combining our traditional engineering expertise with innovative
solutions and digital technologies."
Covering two concession areas in Abu
Dhabi, United Arab Emirates, Al
Yasat drives effective and efficient exploration and
development of new areas, onshore and offshore. The onshore
concession area is located to the Southwest of Abu Dhabi and measures 7800 km², the offshore
concession area is located to the Northwest of Abu Dhabi and covers six fields with a total
area of 582 km². The offshore area consists of fields at Bu Haseer,
Belbazem, Umm Al Dholou,
Umm Al Salsal, and Yaser.
About SNC-Lavalin
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 think beyond engineering. Our teams provide comprehensive
end-to-end project solutions – including capital investment,
consulting, design, engineering, construction management,
sustaining capital and operations and maintenance – to clients
across the EDPM (engineering, design and project management),
Infrastructure, Nuclear, and Resources businesses.
www.snclavalin.com
SOURCE SNC-Lavalin