CONTRACT: SNC-Lavalin wins $650-M oil sands work

CALGARY - SNC-Lavalin announced it has been awarded a contract worth $650 million for engineering, procurement and construction (EPC) of a froth treatment plant at an oil sands producer near Fort McMurray, AB. The froth plant will process 155,000 bbl/d of feedstock from the bitumen extraction plant.

SNC-Lavalin did not name the company awarding the contract, but it is believed to be Canadian Natural Resources, operator of the Horizon oil sands project. The engineering phase is now underway and construction is scheduled to begin in February 2012. Construction will be complete in September 2014.

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. The company has offices across Canada and in over 40 other countries around the world, and is currently working in some 100 countries. In business since 1911, SNC-Lavalin celebrates its 100^th anniversary in 2011. www.SNCLavalin.com.