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Re Contract

17th Oct 2011 07:00

RNS Number : 2577Q
AMEC PLC
17 October 2011
 



AMEC awarded £150 million Clair Ridge design engineering, North Sea

 

London, United Kingdom, (17 October 2011) - AMEC, the international engineering and project management company, has been appointed by BP and its partners, Shell, ConocoPhillips and Chevron, to deliver the engineering and project management services (EPMS) for the main platform design for Clair Ridge, the second phase of the giant Clair oil field, west of Shetland.

 

The work, which is already underway, is valued at £150 million and follows on from AMEC's successful completion of the conceptual engineering studies and the define phase of the Clair Ridge project. All are part of BP's existing Global Agreement with AMEC.

 

The award will see AMEC deliver detailed engineering and project management services for the construction and installation phase of two new bridge-linked platforms. This includes detail design, follow-on engineering, site support, plus procurement, supply chain services, materials management and information management services for the whole project. The work will be carried out by a combined team of 600 technical experts based in AMEC's London offices.

 

The two new platforms are due to be installed in 2015, with production scheduled to start in 2016. BP's £4.5 billion capital investment will give access to 640 million barrels of recoverable oil, and see up to 120 thousand barrels per day at peak, extending the life of the field to 2050.

 

Clair Ridge will be engineered by AMEC to include the latest technology to improve energy efficiency and reduce environmental impact.

 

"I am proud that our large team of technical experts is helping to deliver the next phase of this pioneering project," said Neil Bruce, Chief Operating Officer of AMEC. "As well as creating hundreds of UK jobs, the development will help to ensure jobs in the industry and the UK's energy security in the future. The award of this latest phase is a mark of confidence in the future of the North Sea, in AMEC's engineering expertise and in our ability to deliver."

 

- 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, AMEC +44 (0) 20 7539 0182 [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 billion, AMEC designs, delivers and maintains strategic and complex assets, employing more than 27,000 people in around 40 countries worldwide. See amec.com.

 

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