SNC Lavalin (TSX:SNC)
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MONTREAL, May 4, 2011 /CNW/ --
MONTREAL, May 4, 2011 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased
to announce that it has been selected, together with its local Saudi
Arabian 50/50 joint venture partner, The Zuhair Fayez Partnership, by
the Kingdom of Saudi Arabia's state-owned oil company, Saudi Aramco, to
perform general engineering and project management services (GES+)
under a five-year reimbursable contract.
Under the contract, SNC-Lavalin and The Zuhair Fayez Partnership will
perform Front-End Engineering & Design (FEED) and select detailed
engineering, as well as project management services to support the
execution of Saudi Aramco's capital program. These projects include oil
and gas production and processing facilities, both on and offshore,
infrastructure projects, refining and petrochemical facilities. This
work will be executed out of the Joint Venture offices in Al-Khobar,
Saudi Arabia.
"Saudi Aramco has been a valued client of ours for over 15 years and we
are delighted to have this opportunity to further reinforce our
relationship with them, and to contribute to the Kingdom's localization
program to increase expertise and employment in Saudi Arabia," said
Jean Beaudoin, Executive Vice-President, SNC-Lavalin Group Inc. "We are
proud of the confidence they have shown in SNC-Lavalin's technical
expertise and are looking forward to working with them under this long
term contract."
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 35 other countries around the world,
and is currently working in some 100 countries. In business since 1911,
the Company celebrates its 100(th) anniversary in 2011. www.snclavalin.com.
To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/May2011/04/c9252.html
table border="1" cellspacing="0" class="cnwBorderedTable" tr valign="top" td align="left" Media /td td valign="top" align="left" Investors /td /tr tr valign="top" td align="left" Leslie Quintonbr/ Vice-President, Global Corporate Communicationsbr/ SNC-Lavalin Group Inc.br/ 514-393-8000, ext. 7354br/ a href="http://www.snclavalin.com/"leslie.quinton@snclavalin.com/a /td td valign="top" align="left" Denis Jasminbr/ Vice-President, Investor Relationsbr/ SNC-Lavalin Group Inc.br/ 514-393-8000, ext. 7553br/ a href="http://www.snclavalin.com/"denis.jasmin@snclavalin./aa href="mailto:denis.jasmin@snclavalin.com"com/a /td /tr /table p /p