Offshore staff
DUBAI, UAE – Kentech Group has agreed to acquire the oil and gas business of SNC-Lavalin Group Inc. (SNC).
The deal should go through during the first half of 2021 subject to regulatory approvals and other conditions.
Kentech Group is a privately-owned provider of specialist services and solutions supported by energy investment firm Blue Water Energy.
Its three main markets are engineering and projects; commissioning and start-up services; and turnaround, maintenance, and modifications.
The transaction includes the people and assets brought together via SNC’s acquisition of Kentz and other energy services companies, creating a group offering provide full asset life-cycle services to the energy sector, from design and build through decommissioning, with more than 10,000 employees.
The combined roster of clients could include ADNOC, BP, Chevron, ExxonMobil, KOC, Qatar Petroleum, Saudi Aramco, and Shell.
02/09/2021
