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Re Contract

3rd Jun 2008 07:00

RNS Number : 7611V
AMEC PLC
03 June 2008
 



3 June 2008

AMEC and BP enter strategic global projects agreement 

AMEC, the international engineering and project management company, has entered into an agreement with BP International Limited to provide engineering and project management services for BP's offshore developments around the world.

AMEC is one of three companies selected by BP for this long-term agreement, which sets out the principles of collaborative working for the next four years with an option to extend. It will enable BP's project management teams to access AMEC's international resources when and where required.  

BP has a substantial programme of offshore development projects planned for the next 10 years, primarily across the seven strategic areas of Angola, Asia-Pacific, Azerbaijan, Egypt, Gulf of Mexico, the North Sea and Trinidad. As they look to access new areas, further developments may result. 

"BP is one of the world's great companies and we are delighted that they have chosen us to be one of their strategic partners as they seek to grow their business," said Neil Bruce, Chief Operating Officer for AMEC's Natural Resources division. "This excellent agreement  reflects our leading position in engineering and project management services and our ability to support customers wherever needed." 

Enquiries to:

 

AMEC plc: +44 (0)20 7539 5800

Sue Scholes, Director of Communications

Neil Jamieson, Director of Investor Relations

Media:

 

Frank Stokes, Media Relations Manager; +44 (0)1452 872121

Notes to Editors:

 

·; AMEC plc 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 approximately 22,000 people in more than 30 countries globally. AMEC shares are traded on the London Stock Exchange where the company is listed in the Oil Equipment and Services sector (LSE: AMEC.L). 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.

 

·; BP is one of the world's largest oil and gas companies, serving millions of customers every  day in more than 100 countries across six continents. BP’s business segments are  Exploration and Production; Refining and Marketing; and Alternative Energy, its low-carbon energy business. Through these activities, BP provides fuel for transportation; energy for heat and light; retail services; and petrochemicals products for textiles and packaging.

. ·; This agreement follows the recent announcement by AMEC of a five-year Engineering Modification Services (EMS) contract for BP in Azerbaijan, estimated to be worth approximately US$500 million (£250 million) over the five years. Under the contract, which is an extension of an existing eight-year contract, AMEC will provide engineering and construction management services to enhance and extend the life of all of BP's offshore installations in the Azeri sector of the Caspian Sea, which represents around 20 per cent of BP's global production.

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