SNC Wins $ 52 Million Oil Contract in United Arab Emirates
SNC-Lavalin announced Monday that it has secured a $ 52 million contract from Al Yasat Petroleum Joint Venture formed by Abu Dhabi National Oil Company and China National Petroleum Corporation to provide general engineering services, project management and technical support services.
The three-year agreement, which could be extended for two years, provides for SNC-Lavalin to team up with the project to extend the engineering and project support component, in line with the company’s smart growth business model. Al Yasat.
The Al Yasat project focuses on the exploration and development of new projects on land and at sea. The land-based concession area is located southwest of Abu Dhabi and covers an area of 7800 square kilometers.
The offshore concession area is located northwest of Abu Dhabi and covers six fields with a total area of 582 square kilometers.According to SNC-Lavalin Resources Sector President Craig Muir, the fact that SNC has been in the Middle East for more than 50 years has helped the company gain some reputation with oil companies.
“Securing this contract strengthens our exemplary track record and strategic approach to growing our consulting and engineering services business,” he said in a statement.
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