SNC-Lavalin Awarded Contract For MEG Energy's Christina Lake Regional Project
MONTREAL, Aug. 6, 2013 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) has been awarded a contract by MEG Energy to complete the detailed engineering and provide procurement services for Phase 3A of the Christina Lake Regional Project steam-assisted gravity drainage (SAGD) central processing facility in northeast Alberta. The contract's service order represents over 800,000 hours of work.
MEG Energy is a pure-play oil sands producer with a large, wholly owned resource base concentrated in the southern Athabasca region of Alberta. The company owns over 2,300 square kilometres of oil sands leases in three key assets. SAGD technology is expected to be a key component in MEG Energy's plan to increase production at these fields.
Phase 3A, the first phase in a multi-stage project with regulatory approval to produce 150,000 barrels per day, is part of an overall Master Professional Services Agreement signed between MEG Energy and SNC-Lavalin in September, 2011. The contract also includes technical support to MEG Energy's Construction Management Team.
"This win is the result of SNC-Lavalin's sustained efforts to deliver on its resources strategy," said Richard Neale, Senior Vice-President, Oil & Gas, SNC-Lavalin Group Inc. "As we continue to build our platform, reputation and relationships across the oil and gas industry, we anticipate future project wins. We expect that MEG Energy will continue to be a key strategic client for us and we look forward to serving them on future projects."The work will be executed from SNC-Lavalin's offices in Calgary and its High Value Engineering Centre in Mumbai. 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. 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
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV