Amec Foster Wheeler awarded integrated services contract by Maersk Oil
- Integrated services contract (ISC) including engineer, procure, construct (EPC) for all Maersk Oil’s UK North Sea assets
- New way of delivering efficient modifications
Amec Foster Wheeler announces today the award of a three year Integrated Services Contract (ISC) by Maersk Oil, an international oil and gas company and a fully-owned subsidiary of the global conglomerate, the Maersk Group.
The value of the contract has not been announced.
The integrated services will start in September 2015 and will run for three years, with the potential for a further two year extension.
The provision of integrated services in the UK sector of the North Sea includes project management, engineering services, procurement, offshore construction and offshore operations support. The Amec Foster Wheeler team will make use of the company’s proven ‘more 4 less’ lean and scalable engineering processes and integrated delivery together with Scopus Engineering. Efficiencies from ‘more 4 less’ have been proven to deliver 30 to 60 percent savings, in time and cost, compared to traditional approaches.
I am delighted that our oil and gas team has risen to the challenge of ‘not letting a crisis go to waste’. We have re-written how our services in the North Sea are delivered and have built a new way of working collaboratively, safely and efficiently to answer our customers’ needs in this tough market. I’m delighted that Maersk Oil have recognised that we have a truly different way of delivering efficiently for their assets, and I’m even more delighted that we can deliver significant value for Maersk and look forward to developing a long-term relationship.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
With pro-forma 2014 annualised scope revenues of £5.5 billion and over 40,000 people in more than 50 countries, the company operates across the whole of the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.
Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.
Scopus Engineering is a market-leading laser scanning, dimensional control and lean engineering company whose precise survey data is used to engineer piping and structural solutions for the global oil and gas industry. It is wholly-owned by Amec Foster Wheeler.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements.
Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.