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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Amec Foster Wheeler PLC       GB0000282623

AMEC FOSTER WHEELER PLC
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AMEC plc : Amec Gets 6-Year Nexen Petroleum UK EPC Contract

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01/06/2014 | 03:51am EST

LONDON--AMEC PLC (>> AMEC plc), an international engineering and project management company, said Monday it has been appointed by Nexen Petroleum U.K. Ltd., a wholly-owned subsidiary of CNOOC Ltd. (>> CNOOC Limited), to provide engineering, procurement and construction services for their North Sea offshore assets.

MAIN FACTS:

-Reimbursable contract will run for six years, with the option of two extensions, each for a further two years.

-It is estimated that 150 jobs will be created onshore and offshore to support the contract's operations.

-No financial details disclosed.

-Work will cover operational modifications and brownfield projects.

-Shares at 0830 GMT up 5 pence, or 0.46%, at 1082 pence valuing the company at 3.21 billion pounds.

-Write to Ian Walker at ian.walker@wsj.com

Stocks mentioned in the article : AMEC plc, CNOOC Limited
Stocks mentioned in the article
ChangeLast1st jan.
CNOOC LTD -2.32% 12.64 End-of-day quote.3.95%
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Income Statement Evolution
Managers
NameTitle
Jon Lewis Chief Executive Officer
Rod Carr Chief Information Officer
William George Setter Director
Carl Anthony Chatfield Director
Achilleas Georgiou Manager-Media Relations
Sector and Competitors
1st jan.Capitalization (M$)
AMEC FOSTER WHEELER PLC0
WORLEYPARSONS LIMITED21.98%4 581
SUBSEA 712.89%3 638
OFFSHORE OIL ENGINEERING6.73%3 407
TGS-NOPEC GEOPHYSICAL COMPANY17.82%2 950
LIBERTY OILFIELD SERVICES INC15.29%1 722