SNC-Lavalin strategic oil transportation contract by Ecopetrol

Source:SNC-Lavalin

SNC-Lavalin strategic oil transportation contract by Ecopetrol SNC-Lavalin (TSX: SNC), through its subsidiary, Itansuca Proyectos de Ingeniería S.A.S., has been awarded a consulting services contract by Ecopetrol S.A. for oil transportation and logistics in Colombia. The contract is estimated at $87 million.

SNC-Lavalin will provide project management and technical support and consulting services for several of Ecopetrol’s projects related to oil transportation and associated logistics. Work will be carried out from SNC-Lavalin’s offices in Bogota, Colombia, during a term of approximately two years.

SNC-Lavalin has nearly 1,400 employees in Colombia and is one of the largest engineering suppliers to Ecopetrol. In addition to this contract, SNC-Lavalin is currently providing Ecopetrol with management consulting services for the development of Colombia’s crude oil distribution program.

Ecopetrol is Colombia’s largest company and is among the top 50 oil companies in the world. In addition to its work in Colombia, Ecopetrol participates in exploration and production activities in Brazil, Peru and the United States.

“We are extremely proud of our longstanding relationship with Ecopetrol,” said Terrance N. Ivers, Executive Vice-President, Oil & Gas, SNC-Lavalin Group Inc. “Multi-project service contracts with major resource companies like Ecopetrol provide SNC-Lavalin with revenue stability while allowing us to contribute to the continued growth and success of key clients.”

SNC-Lavalin is one of the leading engineering and construction groups in the world, and is a major player in the ownership of infrastructure and in the provision of operations and maintenance services. Founded in 1911, SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently active in some 100 countries.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs