Husky Energy awards US$75 million white rose deal to group that includes SNC Lavalin

A consortium that includes construction and engineering firm SNC-Lavalin Groupe Inc. (TSX:SNC) has been awarded a $75-million maintenance support services contract for Husky Energy Inc.’s (TSX:HSE) White Rose oilfield. SNC-Lavalin will hold a 40 per cent share in the contract to AKCS Offshore Partner, which also includes Aker Kvaerner Offshore Partner AS and G.J.cahill & Co. Ltd.

 

Under the contract, the partners will conduct engineering design, modifications and support services, campaign maintenance services, field development planning, feasibility and engineering concept development and subsea and moorings support and engineering services. Project management and engineering will be performed at the AKCS office in St. John’s, N.L. Shares in SNC-Lavalin were up 44 cents at $48.07 in midday trading on the Toronto Stock Exchange.

Advertisement

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.