Amec Foster Wheeler JV wins major Master Services Agreement contract with Arrow Energy in Australia
- A joint venture involving Amec Foster Wheeler is awarded a five-year contract
- Builds on successful long-term client relationship with Arrow Energy
A joint venture involving Amec Foster Wheeler has been awarded a five-year Engineering Master Services Agreement (MSA) by Arrow Energy to support its Coal Seam Gas (CSG) development and production in Queensland, Australia.
Arrow is a standalone company owned by a joint venture between Shell and PetroChina (a subsidiary of China National Petroleum Corporation, CNPC), and supplies approximately 20% of Queensland’s natural gas requirements.
The MSA will be delivered by a joint venture between Clough, Amec Foster Wheeler and China Petroleum Engineering (CACJV). The parties to the JV have been successfully delivering engineering and other services for Arrow Energy’s upstream assets for a number of years. This includes the completion of the front end engineering design (FEED) contract for Arrow’s proposed Bowen Gas Project.
The first project awarded under the MSA is the FEED for the expansion to the Tipton Gas Processing Facility, which is part of Arrow’s strategy to further develop their Queensland CSG reserves.
This contract win recognises the proven expertise of our oil and gas team who have been delivering excellence to CSG resource owners in Australia since 2003. We have been working with Arrow Energy since 2012 on a range of projects and are delighted to have the opportunity to continue to support our customer for a further five years.
Moreover, the contract supports our strategic objectives - to grow our unconventionals business and to expand our asset support globally.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
Employing around 35,000 people in more than 55 countries and with 2016 revenues of £5.4 billion, the company operates across the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, power and process, pharma, environment and infrastructure markets.
Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.
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.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing, results 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.