SNC-Lavalin scoops Vankor work

 07 March 2005 15:11 GMT

SNC-Lavalin has been awarded a $13 million contract by Vankorneft, an affiliate of Russian state-owned oil producer Rosneft, for concept validation and front-end engineering and design for the Vankor oilfield in the Krasnoyarsk region of Siberia.

The contract calls for SNC-Lavalin to validate and then develop a plan for a 300,000 barrels per day central processing plant, a 775 kilometre pipeline, a terminal and marine offloading facilities.

"We are proud to have this opportunity to work with Rosneft," said Krish Krishnamoorty, executive vice president of SNC-Lavalin.

The Vankor oilfield has overall recoverable reserves estimated at more than 1 billion barrels of oil and 2.5 trillion cubic feet of gas.

Work will begin immediately, and is scheduled to take 11 months to complete.

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