SNC-Lavalin/Kellogg Brown & Root Joint Venture Awarded
Major Petro-Canada Project
CALGARY, ALBERTA--DECEMBER 21, 2000 - 12:10 EST
SNC-Lavalin and Houston-based Kellogg Brown &
Root today announced that their joint venture, named "Wild Rose",
has been awarded the Managing Contractor's role for the gasoline
Sulphur reduction project and the evaluation of a proposed bitumen
feedstock conversion at Petro-Canada's Edmonton area refinery.
"We look forward to offering Petro-Canada our local and worldwide
expertise in the petroleum industry, along with such a solid
partner as Kellogg Brown & Root," said Krish Krishnamoorthy,
Executive Vice-President of SNC-Lavalin.
The first approved phase of the project to be awarded to the Wild
Rose team is the detailed engineering, procurement and
construction of a gasoline feed desulphurization unit, which
Petro-Canada is installing at its refinery in Strathcona county,
just outside Edmonton, to meet the new federal regulations on
sulphur content in gasoline. The new unit will be on stream in
2004 and would form an integral part of any future bitumen
feedstock conversion at the refinery. Work on the Sulphur
reduction project is expected to peak during 2001/2002.
The Edmonton refinery currently processes light crude feedstock
into gasoline, diesel and a wide range of other products. With
assistance from Wild Rose, Petro-Canada is assessing the economic
potential for reconfiguring the refinery to use between 80,000 and
150,000 barrels of bitumen per day from the Athabasca region of
northeastern Alberta.
SNC-Lavalin Group is one of the leading engineering and
construction firms in the world, and a key player in the ownership
and management of infrastructure. The group and its companies
have offices across Canada and in 30 other countries, and are
currently working in some 100 countries. The company is listed on
the Toronto Stock Exchange (symbol: SNC).
Headquartered in Houston, Texas, Kellogg Brown & Root is an
international, technology-based engineering and construction
company providing a full spectrum of industry-leading services to
the hydrocarbon, chemical, energy, forest products, and mining and
minerals industries. Kellogg Brown & Root is a business unit of
Halliburton Company (NYSE: HAL), the world's leading diversified
energy services, engineering, construction, maintenance and energy
equipment company. The company's World Wide Web site can be
accessed at halliburton.com. |
