SNC-Lavalin Awarded GES+ Contract In Saudi Arabia

abarrelfullabarrelfull wrote on 05 May 2011 14:05
Tags: saudi-arabia services snc-lavalin suadi-aramco

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SNC-Lavalin (TSX: SNC) is pleased to announce that it has been selected, together with its local Saudi Arabian 50/50 joint venture partner, The Zuhair Fayez Partnership, by the Kingdom of Saudi Arabia’s state-owned oil company, Saudi Aramco, to perform general engineering and project management services (GES+) under a five-year reimbursable contract.

Under the contract, SNC-Lavalin and The Zuhair Fayez Partnership will perform Front-End Engineering & Design (FEED) and select detailed engineering, as well as project management services to support the execution of Saudi Aramco’s capital program. These projects include oil and gas production and processing facilities, both on and offshore, infrastructure projects, refining and petrochemical facilities. This work will be executed out of the Joint Venture offices in Al-Khobar, Saudi Arabia.

“Saudi Aramco has been a valued client of ours for over 15 years and we are delighted to have this opportunity to further reinforce our relationship with them, and to contribute to the Kingdom’s localization program to increase expertise and employment in Saudi Arabia,” said Jean Beaudoin, Executive Vice-President, SNC-Lavalin Group Inc. “We are proud of the confidence they have shown in SNC-Lavalin’s technical expertise and are looking forward to working with them under this long term contract.”

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 35 other countries around the world, and is currently working in some 100 countries. In business since 1911, the Company celebrates its 100th anniversary in 2011.

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