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Amec Foster Wheeler
Amec Foster Wheeler Wins £60Million Contract Extension for Centrica's Morecambe Bay Assets



March 16, 2017

Amec Foster Wheeler announces that it has been awarded a contract extension by Centrica for its Morecambe Bay onshore and offshore gas production assets. The Engineering, Construction and Project Support (ECAPS) contract includes work for operations and maintenance, minor modifications and projects.

The original contract awarded to Amec Foster Wheeler in 2011 is now extended for a further three years to the end of 2019. Around 200 jobs will be secured as a result of the contract extension.

Applying Amec Foster Wheeler's More 4 Less efficiency approach to the ECAPS contract has resulted in significant cost savings, with streamlined engineering, while maintaining high safety standards.

Centrica, Amec Foster Wheeler and their contract partners have earned external recognition for their approach, winning the Global IChemE Team award' for their safe and efficient Eductor project execution* last year.

Jim Lenton, Amec Foster Wheeler's President, Asset Support said:

"I'm delighted that the team's application of our 'More 4 Less' culture, systems and processes has resulted in this contract extension from Centrica. We are justifiably proud of our safe and efficient delivery across both on and offshore assets."

*The North Morecambe Eductor and metering project team were responsible for the design, fabrication and installation of a 70 tonne access walkway on the unmanned Centrica North Morecambe gas production platform, in the East Irish Sea. This included an Eductor package to prevent back-out of the North Morecambe wells and a metering package to accurately record the flows. This £16million project, executed in 2015, provides incremental production of gas sustaining energy for 100,000 UK homes. The integrated project team made up of individuals from a range of companies, safely and efficiently delivered the scope on time and within budget.

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 36,000 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.

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, 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.

For more information:

Organization:
Amec Foster Wheeler

Address:
1925-18th Ave NE, Suite 401
Calgary, Alberta
Canada, T2E 7T8
www.amecfw-usexternal.icims.com

Contact:
Jane Gospel
Amec Foster Wheeler
Tel: 44 (0)7740 938 983
E-mail: jane.gospel@amecfw.com

Contact:
Achilleas Georgiou
Amec Foster Wheeler
Tel: +44 (0)20 7429 7511
E-mail: achilleas.georgiou@amecfw.com


Link http://www.electricenergyonline.com/detail_news.php?ID=626960
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