MONTREAL, Nov. 12, 2014 /CNW Telbec/ - SNC-Lavalin (TSX:
SNC) is pleased to announce that Kentz Corporation, a member of the
SNC-Lavalin Group, has signed a Project Management Contractor
Agreement in Iraq with one of the
world's leading blue-chip International Oil Companies (IOC) for a
three-year term with a potential value of up to approximately
CAN$110 million. The contract includes procurement, engineering,
project management and construction services.
Kentz will deliver the services in three phases i) conceptual
design and preparation of associated cost and schedule estimates;
ii) front-end engineering design support and the preparation of bid
packages for engineering, procurement, and construction (EPC)
contracts; and iii) support of the IOC's project teams during
project execution.
The project award follows the acquisition of Kentz by
SNC-Lavalin on August 22. The acquisition of one of the
world's top oil and gas service providers has transformed
SNC-Lavalin's capabilities in the sector, creating a group of
approximately 20,000 high-caliber employees with end-to-end
expertise for large and complex projects. SNC-Lavalin and Kentz are
now combining their industry leading capabilities for the direct
benefit of clients.
"As the first major contract signed since SNC-Lavalin and Kentz
brought their oil and gas businesses together, this project award
showcases both the geographic reach and the wider range of services
we can now directly provide to clients," said Neil Bruce, President, Resources, Environment
& Water, SNC-Lavalin Group Inc. "Our integration continues
to plan, and we are very pleased with the progress and working
relationships we have built already."
Founded in 1911, SNC-Lavalin is one of the leading engineering
and construction groups in the world and a major player in the
ownership of infrastructure. From offices in over 50 countries,
SNC-Lavalin's 45,000 employees provide EPC and EPCM services to
clients in a variety of industry sectors, including mining and
metallurgy, oil and gas, environment and water, infrastructure and
clean power. SNC-Lavalin can also combine these services with its
financing and operations and maintenance capabilities to provide
complete end-to-end project solutions. www.snclavalin.com
SOURCE SNC-Lavalin