London, UK,
23
August
2017
|
08:00
Europe/London

Amec Foster Wheeler wins nuclear waste framework contracts worth £4m

Newsfacts:
  • Environmental safety case and waste characterisation work for LLW Repository Ltd
  • Award reflects high value placed on technical expertise

Amec Foster Wheeler has secured two framework contracts from the company that manages the UK’s lower level radioactive waste.

The awards, from LLW Repository Ltd (LLWR), cover environmental safety case (ESC) services and waste characterisation and assurance support (WCASS).

LLWR operates the UK’s Low Level Waste Repository in West Cumbria on behalf of the Nuclear Decommissioning Authority and also oversees the management of lower activity waste throughout the country.

As part of the ESC framework, Amec Foster Wheeler has been appointed as the single supplier for hydrogeological and geological support, and as one of four suppliers for general technical support. It is estimated that the contract will generate approximately £2 million in revenue over the next four years.

The WCASS framework, which is expected to be worth about £2 million over four years, will see Amec Foster Wheeler providing analytical support services and environmental monitoring support from its full-service analytical laboratories.

Andy White, Vice President for Decommissioning at Amec Foster Wheeler’s Clean Energy business
The award of these frameworks reflects the high value placed on the technical expertise of our people. LLWR has been a valued customer for many years and our understanding of their business enables us to play an integral part in the cost-effective management of UK waste streams. These wins advance Amec Foster Wheeler’s strategy to expand our share of work on radiological and waste management programmes in Europe.
Andy White, Vice President for Decommissioning at Amec Foster Wheeler’s Clean Energy business

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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. Employing around 31,000 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.

The company’s nuclear business stands out for its ability to bring world-leading expertise, technology and scientific capabilities to customers’ challenges throughout the life-cycle from new build and reactor operations to life extension and decommissioning. With more than 3,000 nuclear specialists around the world, we’re able to support our customers with local resources.

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.

LLW Repository Ltd is a waste management company that provides services to customers to treat and dispose of low level radioactive waste. It manages the national Low Level Waste Repository in West Cumbria on behalf of the Nuclear Decommissioning Authority (NDA) and oversees a National LLW Programme to ensure that lower activity waste is managed effectively across the UK.

 

Forward-Looking Statements

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.