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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 awarded contract on MacKay Operating Corp. SAGD oil sands project in Alberta

21/12/2011 2:30pm

PR Newswire (Canada)


SNC Lavalin (TSX:SNC)
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MONTREAL, Dec. 21, 2011 /CNW Telbec/ - SNC-Lavalin has been awarded a contract by MacKay Operating Corp. to provide detailed engineering and procurement services for the MacKay River Central Plant Project. The central processing plant will be designed to process 35,000 barrels per day of bitumen steam assisted gravity drainage (SAGD) production.  The central plant will be located approximately 40 km west of Fort McMurray, Alberta. "Our SAGD team has industry-leading knowledge of oil sands technology and heavy oil recovery, as well as extensive experience on many similar SAGD projects. This award confirms our ongoing position as a SAGD service provider of choice in the oil sands market in Alberta," said Andy Mackintosh, Executive Vice-President, SNC-Lavalin Group Inc. "We are looking forward to working with MacKay Operating Corp. on this project." The engineering phase is underway and construction is scheduled to begin in Q3 2012. The expected mechanical completion date for the construction is 2014. MacKay Operating Corp. (MOC) is a Calgary-based joint venture between the subsidiaries of PetroChina Company Limited (60%) and Athabasca Oil Sands Corp. (40%).  MOC is focused on the development of a jointly owned asset (MacKay River oil sands lease) and is committed to developing the assets in a socially responsible manner and utilizing environmentally friendly SAGD technology.  The MacKay River Commercial Project is expected to produce 150,000 bpd bitumen with an initial phase of 35,000 bpd projected for 2014 start-up. 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 40 other countries around the world, and is currently working in some 100 countries. In business since 1911, the Company celebrated its 100(th) anniversary in 2011.  www.snclavalin.com. SNC-LAVALIN CONTACT: ___________________________________________________________________|Media: |Investors: ||________________________________|__________________________________||Leslie Quinton |Denis Jasmin ||Vice-President, Global Corporate|Vice-President, Investor Relations||Communications |SNC-Lavalin Group Inc. ||SNC-Lavalin Group Inc. |514-390-8000, ext. 7553 ||514-390-8000, ext. 7354 |denis.jasmin@snclavalin.com ||leslie.quinton@snclavalin.com | ||________________________________|__________________________________|

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