SNC-Lavalin clinches $100m oil and gas deal
JOHANNESBURG (miningweekly.com) – TSX-listed SNC-Lavalin has been awarded a $100-million ten-year build-own-operate (BOO) oil and gas service contract for the engineering, procurement and construction (EPC) and the operations of multiple gas-compression and dehydration facilities in the US’s Permian basin, in Texas.
SNC-Lavalin will provide Crestwood Equity Partners with its production and processing solutions service line, which will include the design, construction and operations of over 100 000 hp of compression, inlet separation and filtration, gas dehydration and station measurement and controls. All stations will be constructed on greenfield sites.
"We are proud to have been awarded this project to deliver and operate a significant level of compression facilities in the US market for Crestwood," said SNC-Lavalin oil and gas president Martin Adler in a note released Tuesday.
He added that, while the midstream market faces a number of challenges, the company’s quick-to-monetise solutions and performance-based fee structures were helping customers invest in existing and new assets, while expediting cash contribution from these assets.
SNC-Lavalin production and processing solutions CEO Steve Gill added that the company’s BOO model, in addition to its traditional engineering and equipment services, had been greatly strengthened as part of SNC-Lavalin.
“Our production and processing solutions service line, previously known as Valerus, has a wide range of applications globally for clients seeking innovative solutions for production and processing, scaling from small wellhead facilities to complete gas plant facilities.”
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation