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SNC-Lavalin Group, Inc.

11:38 AM EST - SNC-Lavalin Group, Inc. : has been awarded an engineering procurement and construction contract by Sonatrach, Algeria's national oil company to design and build natural gas process facilities in the Sahara desert approximately 1,200 km to the south east of Algiers. The 785.5-million-euro, or approximately $1.2-billion, lump-sum contract calls for SNC-Lavalin to build a gas treatment complex, including infrastructure to collect raw gas at four different gas fields, a natural gas processing facility and a facility to process and reinject carbon dioxide into gas fields. Once in operation, the facilities will start to produce and process 3.5 billion cubic metres of natural gas per year. SNC-Lavalin Group, Inc. shares T.SNC are trading up $0.59 at $42.85.