Amec Foster Wheeler wins India LNG Import and Regasification Terminal contract
- New Liquefied Natural Gas import, storage, regasification terminal in Ennore, India
- Contract follows Amec Foster Wheeler’s delivery of the FEED contract
Amec Foster Wheeler announces today that it has been awarded a contract by Indian Oil LNG Private Ltd. Co. (IOLPL) for the Liquefied Natural Gas (LNG) Terminal in Ennore, Tamil Nadu, on the east coast of India. This award follows the successful completion of a front end engineering and design contract for the terminal in 2012.
As part of the new contract, Amec Foster Wheeler’s responsibilities include the supervision of works related to various Engineering Procurement and Construction contracts for the LNG regasification and marine import facilities, as well as the LNG storage tanks. Amec Foster Wheeler will also undertake Project Management Consultancy activities for the entire project, from engineering development and construction phases, through to pre-commissioning, commissioning and start-up of the terminal.
This is a 42 month contract which will be delivered at the end of 2018.
Following our successful completion of the FEED contract, delivering this next phase of this project reinforces our position as a leading provider of LNG services to the Indian domestic market.
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 40,000 people in more than 55 countries and with 2015 revenues of £5.5 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, clean energy, power generation, 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.
Indian Oil LNG Private Ltd. Co is a joint venture of Indian Oil Corporation (IndianOil), and India's largest commercial enterprise, with a sales turnover of Rs. 4,50,756 crore (US$ 73.7 billion) and profits of Rs. 5,273 crore for the year 2014-15. IndianOil is ranked 119th among the world's largest corporates (and first among Indian enterprises) in the prestigious Fortune ‘Global 500’ listing for the year 2015.
Liquefied Natural Gas (LNG) Import, Storage and Regasification Terminal
This first phase of work on the terminal will have a natural gas send-out capacity of 20 MMSCMD with 2 LNG tanks of 180.000 m3 capacity each.
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.