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SNC SNC Lavalin Group Inc

43.49
0.00 (0.00%)
10 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 five-year commissioning framework agreement by Petroleum Development Oman

07/03/2017 1:00pm

PR Newswire (Canada)


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MONTREAL, March 7, 2017 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that its wholly owned subsidary Kentz Overseas Company WLL has been awarded a five-year commissioning support services framework agreement by Petroleum Development Oman (PDO). Under the agreement, the company will provide a variety of systems completions, commissioning and start-up service activities on a portfolio of oil and gas megaprojects within Oman, such as the Rabab Harweel Integrated Project and the Yibal Khuff Project.

The framework agreement extends from 2017 to 2022. SNC-Lavalin's specialists will be fully integrated within PDO's commissioning and start-up management team. Services will include full systems completions, commissioning and start-up management, planning, consultancy, supervision, execution and administration of various oil and gas and related facilities.

Under this contract, SNC-Lavalin will also implement custom technical training programs. This will help train and develop local Omanis to perform completions, commissioning and start-up activities independently, utilizing specialized local vendor support where possible to maximize PDO's in-country value strategy that aims to secure sustainable technical and commercial benefits for the Sultanate.

"We are pleased to support PDO on these integrated schemes that are key to sustaining our client's long-term output," said Martin Adler, President, Oil & Gas, SNC-Lavalin. "The agreement is our first with PDO and expands our footprint in the region. It also builds on our strong reputation for improving certainty of project delivery and ensuring successful start-up for our clients."

About SNC-Lavalin
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 employees are proud to build what matters. Our teams provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, infrastructure and 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 2017 Canada NewsWire

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