Amec Foster Wheeler wins study to revamp Enagás’s Gaviota underground storage facility
- Strategic infrastructure to support Spain’s natural gas market
- Study for facility to meet new European standards
Amec Foster Wheeler announces today that it has been engaged by Enagás Transporte SAU, an international leader in the development and maintenance of gas infrastructure and the operation and management of complex gas networks, to undertake a study to revamp its gas treatment facility, part of their Gaviota underground storage plant in northern Spain.
The Gaviota plant is part of Enagás’s strategic infrastructure, supporting Spain’s natural gas market. Amec Foster Wheeler will assess the current capacity of the facility to meet new European standards and any requirements for improvement.
The study, to be completed in 2016, follows multiple project deliveries by Amec Foster Wheeler for Enagás in both Spain and Mexico over the past 22 years.
We know the importance of this facility for Enagás. Natural gas is one of the cleanest sources of energy and a sustainable means to meet energy demand.
We are delighted that Enagás has once again chosen us for this work, enhancing our long partnership to provide solutions that will add business value while minimising the environmental impact.
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.
Enagás (www.enagas.es/portal/site/enagas) is an international leader in the development and maintenance of gas infrastructure and the operation and management of complex networks gas. It is certified as an independent TSO by the European Union and operates in eight countries.
In Spain, Enagás is the main transporter of natural gas and the Technical System Operator. It has about 11,000 km of pipelines, three underground storage facilities in Serrablo (Huesca), Gaviota (Vizcaya) and Yela (Guadalajara), and four regasification plants. Barcelona, Huelva, Cartagena and Gijón. In addition, it owns 50% of the regasification plant in Bilbao, 30% of Sagunto and 100% of Gascan, the company that developed the project for the construction of two regasification plants in the Canary Islands.
Enagas is listed on the Ibex 35 since its IPO in 2002.
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.