MONTREAL, March 21, 2012 /PRNewswire/ - SNC-Lavalin (TSX:
SNC) is pleased to announce it has signed a project management
contract with Petroleos de Venezuela S.A. (PDVSA) for the Delta
Caribe Oriental Project. The value of the contract is approximately
$133 million CDN.
The Delta Caribe Oriental project is in the Sucre State in
northeastern Venezuela and
consists of four offshore gas fields; Dragon, Patao, Mejillones and
Rio Caribe, as well as a substantial onshore development for
industry, named Complejo Industrial Gran Mariscal
Ayacucho (CIGMA).
Working closely with PDVSA, SNC-Lavalin's project management
team will supervise the work of contractors who will be providing
engineering, procurement, construction, installation and
commissioning services for the offshore and onshore
facilities. There are also major social and infrastructure
aspects to the project, which will serve to develop the Güiria
region, including programs to train Venezuelan personnel to operate
and maintain the facilities.
"This type of technological alliance in the offshore sector
strengthens and increases knowledge in all our businesses,
including civil engineering in ports, airports, docks, and subsea
gas pipelines. The work that we have awarded to SNC-Lavalin results
from years of studies" said Douglas
Sosa, General Manager, Offshore Division, PDVSA, "Taking
into account the magnitude of our projects, we have decided to
create a high-performance team with state-of-the-art technology and
the experience we need to develop the gas supply belt and the
social infrastructure required in Sucre State".
"We are very pleased to support PDVSA in this complex,
multi-faceted project, which has a range of challenges very well
aligned to SNC-Lavalin's capabilities in engineering, construction,
and operations and maintenance." said Andy
Mackintosh, Executive Vice-President, SNC-Lavalin Group
Inc.
The initial mobilization is underway at the project's offices in
Caracas, Cumaná, London and Houston.
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. SNC-Lavalin has offices across Canada and in over 40 other countries around
the world, and is currently working in some 100 countries.
www.snclavalin.com.
SOURCE SNC-LAVALIN