March 10, 2010
SNC-Lavalin wins Venezuela engineering services contract
SNC-Lavalin has been awarded an engineering services contract for the Empresa Mixta Petromacareo Project by PDVSA Engineering & Construction, a subsidiary of Venezuela’s state-owned oil company, Petroleos de Venezuela S.A (PDVSA).
PDVSA has also awarded SNC-Lavalin an umbrella technical services agreement (TSA) for the execution of projects in the Orinoco Oil Belt.
Petromacareo is the first major award under the TSA.
SNC-Lavalin will perform the conceptual engineering for the extra heavy crude oil production, treatment, storage and transport facilities at the Junin 2 North Block in Venezuela’s Orinoco Oil Belt.
The Junin 2 North Block is jointly held by PDVSA and PetroVietnam.
The Orinoco Oil Belt, located north of the Orinoco River, holds significant reserves of heavy oil, and it is PDVSA's key area of focus for development to enhance its oil production.
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