SNC-Lavalin picks up $500m of Middle East work
Company hails recent $2.1bn acquisition of Kentz as boosting its project capabilities
SNC-Lavalin, the Canadian contractor which recently acquired oil and gas specialist Kentz in a $2.1bn deal, has announced that it has picked up two contracts from an unnamed oil company in the Middle East with a combined value of over $500m.
The company said its buy-out of Kentz, which completed last August, has 'transformefd' its capability in oil & gas, creating a company with more than 20,000 people and an ability to complete large, complex projects in the industry.
"Both Kentz and SNC-Lavalin have excellent longstanding relationships with this client in the Middle East and we are pleased to have the opportunity to strengthen those links further by delivering on this important project," said Neil Bruce, president of SNC-Lavalin's Resources, Environment & Water division.
"I would also like to take this opportunity to congratulate our teams in the region, whose dedication and hard work have seen over $1 billion in new contracts signed in the Middle East region since Kentz joined SNC-Lavalin."