London, UK,
19
November
2015
|
14:00
Europe/London

Amec Foster Wheeler ‘uniquely placed’ to lead North Sea decommissioning

Summary

• 15 years’ experience in nuclear decommissioning to be applied to the oil and gas industry
• Learning from the nuclear sector will result in cost savings and a ‘seamless transition’ from late life operation

Amec Foster Wheeler is ‘uniquely placed’ for decommissioning work in the North Sea oil and gas industry thanks to its experience in the nuclear sector, an international conference heard today.

Speaking at the Offshore Decommissioning Conference in St Andrews, Scotland:

We have been working in nuclear decommissioning for 15 years and we have seen how Lifetime Plans and Programme Management have changed the landscape.

When combined with our extensive oil and gas skills and knowledge, this means we are uniquely placed to bring this learning to the North Sea, where we are already shaping the new horizon and proactively finding solutions. Our experience is now increasingly sought after internationally because we have the widest experience to address the next steps boldly and at pace.
Bob Churchill, Strategic Business Development Director for Amec Foster Wheeler’s Clean Energy business

Bob described how, in the nuclear sector, Lifetime Plans had created a clear understanding of the mission, sustained political and stakeholder support, enabled and secured long-term funding and informed key decisions about resources and the supply chain.

This had led to huge cost savings for the taxpayer and helped organisations to repurpose themselves and make the cultural changes needed. Meanwhile, Programme Management had ensured a ‘seamless transition’ from late life operation to decommissioning.

Bob explained that Amec Foster Wheeler, which has been working on legacy sites with the Nuclear Decommissioning Authority and site licence companies for more than a decade, had led the development of Lifetime Plans for single and multiple locations throughout the UK, and had learned how to use Programme Management to add value and integrate operations as part of the Parent Body Organisation at Sellafield.

 

Notes to editors

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 55 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.

 

Forward-Looking Statements

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.