17th Dec 2008 15:57
AMEC plc
17 December 2008
AMEC appointed as Technical Consultant for all KMG projects
AMEC, the international engineering and project management company, has been selected by JSC National Company KazMunayGas (KMG), the National Oil Company of Kazakhstan, as a Technical Consultant.
Building on AMEC's proven expertise in project management and engineering, the contract covers consultancy services related to field development planning, programme management, project management and implementation and other associated activities for KMG's oil and gas assets in Kazakhstan, including the Kashagan oil field in the north Caspian Sea, the largest field discovered in the last 30 years. The contract value has not been disclosed.
The services will range from advising on field development plans through design and layouts, operating budgets and schedules, health, safety and environmental reviews and evaluation. AMEC's work will support KMG in delivering its strategy to achieve optimum value from its reserves.
"We are delighted to be appointed to support KMG in this exciting and complex programme of work," said Neil Bruce, Chief Operating Officer of AMEC's Natural Resources division. "Within the Caspian region we already have well-established oil and gas operations. This award supports AMEC's strategy of building long-term sustainable business relationships with National Oil Companies. It also recognises our core skills and competencies and allows us to apply them in a different way in support of our customer's objectives."
Enquiries to:
AMEC plc
Analysts and Investors: +44 (0) 20 7539 5800
Sue Scholes, Director of Communications
Neil Jamieson, Director of Investor Relations
Media:
Frank Stokes: +44 (0) 1452 872121; [email protected]
Jane Gospel: +44 (0) 20 7539 1082; [email protected] Notes to Editors:
JSC National Company "KazMunayGas" (KMG) is a national oil and gas exploration, production, processing and transportation operator representing the government's interests in Kazakhstan's oil and gas industry. KazMunayGas is 100 percent owned by JSC Kazakhstan Holding for Management of State Assets "Samruk."
AMEC (LSE: AMEC) is a focused supplier of high-value consultancy, engineering, and project management services to the world's energy, power and process industries. With annual revenues of over £2.3 billion, AMEC designs, delivers and maintains strategic and complex assets for its customers. AMEC's Natural Resources, Power and Process and Earth and Environmental businesses employ over 23,000 people* in more than 30 countries globally.
www.amec.com
AMEC's Natural Resources business is a leading provider of total life-of-asset services to customers in the upstream and downstream oil and gas sectors, petrochemicals, pipelines and mining industries, with a strong reputation for balancing global excellence with local delivery.
AMEC has been working in Kazakhstan since 1992, providing engineering, project, procurement and construction management services to the oil and gas fields in northwest Kazakhstan. In 2007, AMEC purchased a substantial interest in BKKS, a Kazakh oilfield services company.
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