ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

SNC SNC Lavalin Group Inc

43.49
0.00 (0.00%)
02 May 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 three-year provision of operations and maintenance workforce contract for Shell-operated QGC venture

07/10/2019 12:45pm

PR Newswire (Canada)


SNC Lavalin (TSX:SNC)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more SNC Lavalin Charts.

MONTREAL, Oct. 7, 2019 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) today announces it has been awarded a three-year provision of operations and maintenance workforce contract from Shell Australia for its QGC upstream asset located in Queensland, Eastern Australia.

"We began working on the QGC venture in 2012, providing integrated commissioning and start-up services for the upstream facilities, which we safely completed in Q2 2019. To be awarded the provision of upstream operations and maintenance workforce agreement is a credit to the team and a testament of our ability to provide integrated services to our clients," said Craig Muir, President, Resources, SNC-Lavalin. "This contract win is aligned with the company's new strategic direction to focus on engineering and consulting services. Providing flexible value-driven solutions for our clients is where our strength lies, and we look forward to ensuring the safe and successful operations of Shell's QGC venture."

Under the agreement, SNC-Lavalin will provide, at peak, 300 personnel to continue the existing operation and maintenance program for the QGC upstream assets comprising of 24 field compression stations, six central gas processing plants (CPP), five sales stations and one power station. The scope also includes the provision personnel to support QGC operations and maintenance of 2,500 wells and the 450km pipeline connecting the CPP's to the LNG liquefaction plant. SNC-Lavalin will begin supplying manpower on site in early Q4 2019, reaching a peak workforce by December 2019. The three-year contract has an optional one-year plus one-year extension.

The Shell-operated QGC Venture is located in Queensland in Eastern Australia and is one of Australia's leading natural gas producers, focused on developing Queensland's world-class onshore gas reserves. QGC has supplied the domestic market since 2006 and international customers since 2014. It operates an 8.5 million tonne per year LNG plant on Curtis Island near Gladstone, and natural gas operations, which include wells, compression stations and processing plants, in Queensland's Surat Basin. Shell is the operator and majority interest holder in the QGC venture. Its partners in the LNG plant on Curtis Island are CNOOC (50% equity in Train 1) and Tokyo Gas (2.5% equity in Train 2).

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

Copyright 2019 Canada NewsWire

1 Year SNC Lavalin Chart

1 Year SNC Lavalin Chart

1 Month SNC Lavalin Chart

1 Month SNC Lavalin Chart

Your Recent History

Delayed Upgrade Clock