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SNC-Lavalin wins Statoil contract in North Sea

SNC-Lavalin interim CEO Ian Bourne. The company said Wednesday it is designing a offshore drilling substructure for Statoil.

Frank Gunn/THE CANADIAN PRESS

SNC-Lavalin has been awarded a contract by Statoil to handle the engineering design of a 20,000-tonne substructure in the North Sea.

The Montreal-based engineering company said Wednesday it will carry out the front-end engineering design for the structure, part of the Bressay offshore development located in an area of the North Sea near the United Kingdom.

No price tag for the contract was provided.

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"We're very pleased to continue supporting Statoil on the landmark Mariner and Bressay projects," said Andy Mackintosh, executive vice-president, SNC-Lavalin Group Inc.

The project will be 92 metres below water and support up to 50 oil wells.

SNC-Lavalin's name and share price have been hit after an internal investigation uncovered $56-million of payments to agents; it resulted in the removal of three senior executives including the CEO.

But the company continues to win contracts around the world, including upgrades to a Montreal hospital.

A consortium headed by SNC was also selected as the preferred bidder for the eastern extension of Highway 407 in southern Ontario.

SNC has 24,000 employees in 100 countries, with offices in 35 countries. It is one of the biggest engineering and construction companies in the world and a major player in the ownership of infrastructure and in operations and maintenance services.

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