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21.07.17
ROUNDUP/Aktien New York Schluss: Rekordjagd unterbrochen - GE auf Talfahrt

SNC-Lavalin awarded five-year extension to GES+ contract with Saudi Aramco

Donnerstag, 12.01.2017 14:05 von

Canada NewsWire

MONTREAL, Jan. 12, 2017 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that SNC-Lavalin Fayez Engineering (SLFE), an engineering consultancy partnership between SNC-Lavalin and Dr. Zuhair Fayez, has been awarded a five-year extension to its existing General Engineering Services Plus (GES+) contract with Saudi Aramco, with three one-year options to extend.

Under the contract, SNC-Lavalin will be invited to bid on front-end engineering, detailed engineering and project management services to support the implementation of Saudi Aramco's capital and sustaining capital programs in the Kingdom of Saudi Arabia. Projects will include onshore oil and gas production and processing facilities, building and infrastructure projects, as well as refining and petrochemical facilities.

SLFE has completed over 200 projects under the GES+ initiative over the past five years, most of which were competitively bid in-Kingdom against other Saudi Aramco qualified GES+ contractors and executed out of SLFE's head offices located in Al-Khobar, Saudi Arabia.

"Saudi Aramco has been a valued client of ours for over 20 years," said Martin Adler, President, Oil & Gas, SNC-Lavalin. "We are honoured to have this opportunity to continue our relationship as an approved GES+ contractor, and contribute to the Kingdom's program to increase local expertise and employment. We are very proud of the confidence Saudi Aramco has shown in our technical expertise, systems and project management capability, and we are looking forward to continuing our collaboration under this new long-term agreement to help Saudi Aramco achieve the objectives set out under the GES+ contract."

About SNC-Lavalin
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 employees are proud to build what matters. Our teams provide engineering, procurement, construction, completions and commissioning services together with a range of sustaining capital services to clients in four industry sectors: oil and gas, mining and metallurgy, infrastructure and 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