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AMEC awarded £60 million detail design contract

7th Aug 2012 08:00

RNS Number : 4252J
AMEC PLC
07 August 2012
 



 

AMEC awarded £60 million detail design contract for GDF SUEZ's Cygnus field in Southern North Sea

 

London, United Kingdom (7 August 2012) - AMEC, the international engineering and project management company, has been awarded a detailed design contract for GDF SUEZ E&P UK Ltd's Cygnus gas field development, the UK North Sea's largest gas discovery in the last 25 years.

 

The detail design contract follows on from the FEED work and is valued at an estimated £60 million. This latest detail design phase, which starts immediately, is scheduled for completion in 2014. The contract will create almost 200 new jobs at peak, and will safeguard a further 160 who are already part of the London-based team.

 

"We are delighted to be continuing to deliver successfully for GDF SUEZ E&P on their strategically important Cygnus field," said John Pearson, Managing Director of AMEC's Europe & West Africa business. "This latest award confirms both our and GDF's commitment to the long term future of the North Sea."

 

Jean-Claude Perdigues, GDF Suez E&P Managing Director, added: "Cygnus is a very exciting project for GDF Suez and we have high expectations of the AMEC team to help us deliver a successful development."

 

- Ends -

Enquiries to:

 

AMEC plc +44 (0) 20 7539 5800

 

Sue Scholes, Director of Communications

Nicola-Jane Brooks, Head of Investor Relations

Media contacts:Frank Stokes, Media Relations, AMEC plc - +44 (0) 1452 872121; [email protected]

Jane Gospel, Communications Manager, +44(0)1224 291569

[email protected]

 

AMEC (LSE: AMEC) is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, minerals and metals, clean energy, environment and infrastructure markets. With annual revenues of around £3.3 billion, AMEC designs, delivers and maintains strategic and complex assets, employing more than 27,000 people in around 40 countries worldwide. See amec.com.

 

Cygnus gas field: Helping to safeguard the UK's energy security, Cygnus is due to meet the demand for nearly one and a half million UK homes at peak production, accounting for around 5 percent of the UK's gas production by 2016. The detailed development concept for the Cygnus field consists of two drilling centres, four platforms and initially ten development wells; the planned export route is through the ETS (Esmond Transportation System) pipeline system to the Bacton gas terminal in North Norfolk. First gas is expected in late 2015.

 

UKTI Energy Summit: The Cygnus announcement comes at the same time that the UK Government is hosting a business summit in London entitled The Journey to Smart Energy, which is being attended by AMEC Chief Executive Samir Brikho and Chief Operating Officer Neil Bruce.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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