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SNC SNC Lavalin Group Inc

43.49
0.00 (0.00%)
17 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
SNC Lavalin Group Inc TSX:SNC Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 43.49 43.31 43.57 0 01:00:00

SNC-Lavalin Group member, Kentz Corporation, initiates construction work on Nexen Energy award

21/10/2014 1:30pm

PR Newswire (Canada)


SNC Lavalin (TSX:SNC)
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MONTREAL, Oct. 21, 2014 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that Kentz Corporation, a member of the SNC-Lavalin Group, has commenced work under its three-year Master Services Agreement for Electrical and Instrumentation (E&I) construction services for Nexen Energy ULC ('Nexen') on the Base Plant Projects at their Long Lake facility.  

Kentz will provide its specialist E&I construction services over the three-year agreement; initially on the carbonyls filtration project, before moving onto the dilutent recovery unit (DRU) project.

Nexen is responsibly developing energy resources in some of the world's most significant basins, including the UK North Sea, offshore West Africa, the United States and Western Canada. Nexen is a wholly-owned subsidiary of CNOOC Limited.

Nexen's Long Lake facilities began producing in 2008. The facilities are comprised of an integrated steam-assisted gravity drainage (SAGD) and upgrading operation that uses proprietary Or Crude™ technology, as well as hydrocracking and gasification to produce premium Synthetic Crude oil. Nexen's operational capacity at the Long Lake facilities is 72,000 barrels of bitumen per day (bbls/d) which, when upgraded, is capable of generating approximately 58,500 bbls/d of crude oil.

"This award with Nexen Energy underpins the value of our specialist field services, such as electrical and instrumentation construction, and we are very pleased to be working with Nexen as a client," said Christian Brown, President, Oil & Gas, SNC-Lavalin Group Inc. "We have added additional structural, mechanical, and piping capabilities over the past year in the Canadian region, and now, as part of the SNC-Lavalin Group, we have the ability to offer clients complete end-to-end expertise for their projects." 

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 45,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean 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

 

SOURCE SNC-Lavalin

Copyright 2014 Canada NewsWire

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