SNC-LAVALIN AWARDED GES+ CONTRACT IN SAUDI ARABIA
May 04 2011 - 9:21AM
PR Newswire (Canada)
MONTREAL, May 4, 2011 /CNW/ -- MONTREAL, May 4, 2011 /CNW Telbec/ -
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 100(th) anniversary in 2011. www.snclavalin.com.
To view this news release in HTML formatting, please use the
following URL:
http://www.cnw.ca/en/releases/archive/May2011/04/c9252.html table
border="1" cellspacing="0" class="cnwBorderedTable" tr valign="top"
td align="left" Media /td td valign="top" align="left" Investors
/td /tr tr valign="top" td align="left" Leslie Quintonbr/
Vice-President, Global Corporate Communicationsbr/ SNC-Lavalin
Group Inc.br/ 514-393-8000, ext. 7354br/ a
href="http://www.snclavalin.com/"leslie.quinton@snclavalin.com/a
/td td valign="top" align="left" Denis Jasminbr/ Vice-President,
Investor Relationsbr/ SNC-Lavalin Group Inc.br/ 514-393-8000, ext.
7553br/ a
href="http://www.snclavalin.com/"denis.jasmin@snclavalin./aa
href="mailto:denis.jasmin@snclavalin.com"com/a /td /tr /table p
/p
Copyright
SNC Lavalin (TSX:SNC)
Historical Stock Chart
From Sep 2024 to Oct 2024
SNC Lavalin (TSX:SNC)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about SNC Lavalin Group Inc (Toronto Stock Exchange): 0 recent articles
More Snc-Lavalin News Articles