MONTREAL, April 30, 2014 /CNW Telbec/ - SNC-Lavalin Inc. (TSX: SNC) is pleased to announce that it has been awarded a contract by the Abu Dhabi Company for Onshore Oil Operations (ADCO), a subsidiary of Abu Dhabi National Oil Company (ADNOC), to provide a front-end engineering design (FEED) study for Phase 2 of the Qusahwira Oil Field (additional 25 thousand barrels of oil per day of production).
The Qusahwira Oil Field is located approximately 260 kilometers south of Abu Dhabi and covers an area of 7,525 square kilometers. It is part of the South East Asset, which contributes approximately one-third of ADCO's daily production. The development of Qusahwira is part of ADCO's strategy to increase crude oil production by 2017.
Work has begun at SNC-Lavalin's offices in Abu Dhabi, Mumbai and Toronto.
"We are pleased to support ADCO on this important project," said Terrance N. Ivers, Executive Vice-President, Oil & Gas, SNC-Lavalin Group Inc. "This contract further extends our footprint in the Middle East and provides us with another opportunity to contribute to industrial development in the region."
SNC-Lavalin is one of the leading engineering and construction groups in the world, and is a major player in the ownership of infrastructure and in the provision of operations and maintenance services. Founded in 1911, SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently active in some 100 countries. www.snclavalin.com
SOURCE: SNC-Lavalin
Media:
Lilly Nguyen
Public Relations Manager,
Global Corporate Communications
SNC-Lavalin Group Inc.
514-393-8000, ext. 54772
[email protected]
Investors:
Denis Jasmin
Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-393-8000, ext. 57553
[email protected]
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