SNC-LAVALIN AWARDED FEED FOR PDVSA'S GIANT RIO CARIBE-MEJILLONES OFFSHORE DEVELOPMENT
31 May 2011 - 11:00PM
PR Newswire (Canada)
MONTREAL, May 31, 2011 /CNW/ -- MONTREAL, May 31, 2011 /CNW Telbec/
- SNC-Lavalin (TSX: SNC) is pleased to announce that it has been
selected to perform the front end engineering and design (FEED) for
PetrĂ³leos de Venezuela, S.A.'s (PDVSA) Rio Caribe-Mejillones
gas-condensate development offshore Venezuela. This award follows
SNC-Lavalin's successful completion of the concept screening phase
in 2010. The project site is located about 40 km north of the
Peninsula De Paria in the eastern part of Venezuela. The
development will initially comprise an early production system
using a wellhead platform and floating production, storage and
offloading (FPSO) facilities. It will export 30,000 barrels of
condensate per day by shuttle tanker, and gas will be re-injected
for future recovery. The second phase will involve full field
development comprising two further platforms, subsea wells and a
gas export pipeline to shore at Guiria. Gas production will be 600
million standard cubic feet per day (mmscfd). This project is part
of PDVSA's Project Delta Caribe Oriental development, which will
produce about 2,000 mmscfd from Rio Caribe-Mejillones, the adjacent
Dragon-Patao fields and the Plataforma Deltana (Loran) field 300 km
southeast of Guiria. Gas will be used for the Venezuelan national
market and exported as liquefied natural gas (LNG). SNC-Lavalin was
previously contracted by PDVSA to review the Dragon-Patao field
development and will also manage the FEED for the Deltana pipeline.
"We are proud of the confidence PDVSA has shown in SNC-Lavalin's
technical expertise and are looking forward to working with them on
this important development," said Jean Beaudoin, Executive
Vice-President, SNC-Lavalin Group Inc. The FEED work is expected to
take 18 months. 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/May2011/31/c9054.html table
class="cnwBorderedTable" border="1" cellspacing="0" tr valign="top"
td align="left" Media: /td td align="left" valign="top" 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="mailto:leslie.quinton@snclavalin.com"leslie.quinton@snclavalin.com/a
/td td align="left" valign="top" Denis Jasminbr/ Vice-President,
Investor Relationsbr/ SNC-Lavalin Group Inc.br/ 514-393-8000, ext.
7553 br/ a
href="mailto:denis.jasmin@snclavalin.com"denis.jasmin@snclavalin.com/a
/td /tr /table p /p
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