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SNC-Lavalin awarded $800 million EPC project in the Middle East

SNC-Lavalin (TSX: SNC) has been awarded a significant oil and gas contract in the Middle East with an approximate value of $800 million.

The contract further cements SNC-Lavalin's position in the Middle East. The project will involve developing the infrastructure and processing facilities for a gas field, with SNC-Lavalin's lump sum turnkey engineering, procurement and construction (EPC) scope on the project including connecting gas producing wells into the main processing plant.

"A substantial award such as this shows our continued focus on our clients and the resilience of our business model, despite the ongoing pressures in the industry, " said Christian Brown, President, Oil & Gas, SNC-Lavalin. "We are very pleased to grow our project portfolio with this key client and are excited to be combining resources from Valerus, our gas handling and processing experts, with our strong engineering team to deliver this project."

For over 50 years, SNC-Lavalin has been successfully delivering projects in the Middle East across a variety of industry sectors, including infrastructure, oil and gas, mining and power. With close to 25 percent of its global workforce based in the Middle East, SNC-Lavalin's broad presence in this key growth region allows the company to deliver sustainable, customized and high-quality project solutions to its local clients.



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