SNC-Lavalin wins $39m deal from Adnoc-CNPC's Al Yasat Petroleum
Three-year extendable agreement includes engineering and project support services for the UAE energy giant
Canada-headquartered SNC-Lavalin has been awarded a general engineering, project management, and technical support services contract from Al Yasat Petroleum, a joint venture of Abu Dhabi National Oil Company (Adnoc) and China National Petroleum Corporation (CNPC), with an estimated value of $39.2m (AED144.1m).
Al Yasat Petroleum's onshore concession area is located to the southwest of Abu Dhabi and spans 7,800 km², while its the offshore concession area is located to the northwest of the UAE capital and covers six fields with a total area of 582 km².
The offshore area consists of fields at Bu Haseer, Belbazem, Umm Al Dholou, Umm Al Salsal, and Yaser.
Under the three-year agreement, extendable for two years, SNC-Lavalin will partner with Al Yasat Petroleum through its engineering and project support arm, in line with Al Yasat Smart Growth Operating Model.
The scope of SNC-Lavalin's contract includes conceptual studies and design, front-end engineering and design (Feed), execution planning, detailed engineering for small works, and specialised studies.
SNC-Lavalin will support Al Yasat in managing sub-contracts, procurement services, and carrying out market surveys.
The Canadian engineering firm will also provide its digital expertise to help Al Yasat in its digital transformation plan, whilst its project support contract includes project services and securing Al Yasat with manpower to be part of an integrated project management team.
Commenting on the contract win, SNC-Lavalin's president of resources, Craig Muir, said: “This win underpins our successful track record and strategic approach to growing our business in engineering and consulting services.
“We are proud to support Al Yasat Petroleum on this project, and we will ensure it is efficiently delivered to the highest quality standards by combining our traditional engineering expertise with innovative solutions and digital technologies.”