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| 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 |
From Oct 2019 to Oct 2024
MONTREAL, June 12, 2018 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) has signed an exclusive agreement with Florexx International Investments LLC for the extended basic engineering and subsequent design and delivery of an Advanced Topping Refinery in the UAE.
Under the exclusive agreement, SNC-Lavalin will carry out the initial basic engineering, master planning, process technology evaluation and selection to support project financial investment decision approvals, expected in Q3 2018. Once the project proceeds to the engineering, procurement and construction (EPC) phase, SNC-Lavalin will carry out the complete design and delivery of the refinery, working alongside Emirati contractors to maximize in-country value.
"This project is an important addition to the work that we do in the UAE, further boosting our extensive capability in providing end-to-end solutions in the downstream oil and gas market, as well as contributing to the growth of our business in the region and our continued focus on adding value to all seven Emirates" said Christian Brown, President, Oil & Gas, SNC-Lavalin.
Advanced Topping Refineries use distillation columns to separate crude oil into different petroleum products, including naphtha, diesel, kerosene and fuel. The Inside Battery Limits (ISBL) scope of the agreement between SNC-Lavalin and Florexx includes construction of a 100,000 barrel per day (BPD) capacity refinery complemented by non-process technical and non-technical buildings and support infrastructure.
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 are proud to build what matters. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction, sustaining capital and operations and maintenance – to clients across oil and gas, mining and metallurgy, infrastructure, clean power, nuclear and EDPM (engineering design and project management). On July 3, 2017, SNC-Lavalin acquired Atkins, one of the world's most respected design, engineering and project management consultancies, which has been integrated into our sectors. www.snclavalin.com
SOURCE SNC-Lavalin
Copyright 2018 Canada NewsWire
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