Kentz announces $97mn oil and gas deal
The contract will include procurement, engineering, project management and construction services
SNC-Lavalin has announced that its subsidiary Kentz Corporation has signed a project management contractor agreement in Iraq with one of the world's leading blue-chip International Oil Companies (IOC) for a three-year term with a potential value of up to approximately $97mn. The contract includes procurement, engineering, project management and construction services.
Kentz will deliver the services in three phases i) conceptual design and preparation of associated cost and schedule estimates; ii) front-end engineering design support and the preparation of bid packages for engineering, procurement, and construction (EPC) contracts; and iii) support of the IOC's project teams during project execution.
The project award follows the acquisition of Kentz by SNC-Lavalin on August 22. The acquisition of one of the world's top oil and gas service providers has transformed SNC-Lavalin's capabilities in the sector, creating a group of approximately 20,000 high-caliber employees with end-to-end expertise for large and complex projects. SNC-Lavalin and Kentz are now combining their industry leading capabilities for the direct benefit of clients.
"As the first major contract signed since SNC-Lavalin and Kentz brought their oil and gas businesses together, this project award showcases both the geographic reach and the wider range of services we can now directly provide to clients," said Neil Bruce, President, Resources, Environment & Water, SNC-Lavalin Group Inc. "Our integration continues to plan, and we are very pleased with the progress and working relationships we have built already."