Ingen Ideas awarded engineering contract
Ingen Ideas, an Amec Foster Wheeler company, announces today the award of a contract worth approximately £8million by Marathon Oil. The five-year multi-discipline engineering contract covers Marathon Oil’s Brae Complex in the North Sea.
The contract started in October 2015 and will run for five years, with the potential for two further five-year extensions.
It covers subsea and topsides, including onshore operations support, projects and modifications engineering, as well as technical consultancy.
Ingen will call upon engineering services from across the Amec Foster Wheeler group. This will provide the ability to rapidly mobilise and demobilise engineering resource with the flexibility to suit the workload needs as well as access to alternative similar high quality resources when availability, timing and duration demands.
This is the first contract award of this scale for Ingen. It signifies how in the current economic climate, Ingen’s approach to consultancy engineering, with the global support of Amec Foster Wheeler, can add value by being agile, responsive and proportionate to the exact requirements of the project.
Founded in 2000, Ingen is an upstream oil and gas engineering consultancy specialising in field development, production assurance, subsea and topsides projects. Based in Aberdeen, more than 100 engineers, analysts and project managers work on both greenfield and brownfield projects in the UKCS and internationally.
Ingen’s creative approach consultancy provides its clients with clear answers to their most important questions. Its services are multi-faceted, high-value and forward-thinking; and bring verifiable improvements in production and schedule, and demonstrable reductions in cost, risk and schedule over the lifecycle of developments.
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.
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.