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SNC-Lavalin

09:50 AM EST - SNC-Lavalin : Has been appointed by Saudi Aramco to install additional facilities for a major gas processing facility in Saudi Arabia's Eastern Province.Under the scope of work for the multi-million dollar contract, SNC-Lavalin will construct the Arabiah Condensate Handling Facility and Sour Water Disposal Unit Project at the Wasit Gas Plant in Saudi Arabia, including the installation of process equipment as well as related civil and structural, piping, electrical and instrumentation and control systems. Work is already underway with a target completion date of late 2019.
SNC-Lavalin shares T.SNC are trading up $0.52 at $55.87.