SNC-Lavalin wins $39mn contract from Al Yasat Petroleum
Al Yasat Petroleum is a joint venture between Abu Dhabi National Oil Company and China National Petroleum Corporation
Al Yasat Petroleum has awarded SNC-Lavalin a general engineering, project management and technical support services contract. As per the three-year, $39m agreement, SNC-Lavalin will partner with Al Yasat Petroleum extending the engineering and project support arm, in line with the Al Yasat Smart Growth Operating Model.
According to a statement, Al Yasat drives effective and efficient exploration and development of new areas, onshore and offshore. The onshore concession area is to the southwest of Abu Dhabi and measures 7,800sqkm, while the offshore concession area is northwest of Abu Dhabi and covers six fields with a total area of 582sqkm.
“With over 50 years of presence in the Middle East, we have built a reputation for creating long-term value for leading international and national oil companies. This win underpins our successful track record and strategic approach to growing our business in engineering and consulting services,” said Craig Muir, president, resources at SNC-Lavalin.
The contract’s scope of work, which can be extended for two years, 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 market surveys, said the firm in its statement.
As part of this agreement, SNC-Lavalin will also provide its digital expertise to help Al Yasat in its digital transformation plan using the latest technologies, the statement said. Project support includes project services and securing Al Yasat with manpower to be part of an integrated project management team.
“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,” concluded Muir.
