JOHANNESBURG (miningweekly.com) – TSX-listed SNC-Lavalin has been awarded a $100-million ten-year build-own-operate (BOO) oil and gas service contract for the engineering, procurement and construction (EPC) and the operations of multiple gas-compression and dehydration facilities in the US’s Permian basin, in Texas.
SNC-Lavalin will provide Crestwood Equity Partners with its production and processing solutions service line, which will include the design, construction and operations of over 100 000 hp of compression, inlet separation and filtration, gas dehydration and station measurement and controls. All stations will be constructed on greenfield sites.
"We are proud to have been awarded this project to deliver and operate a significant level of compression facilities in the US market for Crestwood," said SNC-Lavalin oil and gas president Martin Adler in a note released Tuesday.
He added that, while the midstream market faces a number of challenges, the company’s quick-to-monetise solutions and performance-based fee structures were helping customers invest in existing and new assets, while expediting cash contribution from these assets.
SNC-Lavalin production and processing solutions CEO Steve Gill added that the company’s BOO model, in addition to its traditional engineering and equipment services, had been greatly strengthened as part of SNC-Lavalin.
“Our production and processing solutions service line, previously known as Valerus, has a wide range of applications globally for clients seeking innovative solutions for production and processing, scaling from small wellhead facilities to complete gas plant facilities.”
Edited by: Samantha Herbst
Creamer Media Deputy Editor
EMAIL THIS ARTICLE SAVE THIS ARTICLE
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
