London, UK,
16
December
2015
|
08:00
Europe/London

Amec Foster Wheeler awarded contracts worth over £30million by BP for Glen Lyon FPSO

Summary

• Extending life of Schiehallion and Loyal fields
• Contracts for Hook up & commissioning and follow-on engineering

Amec Foster Wheeler announces today that it has been awarded three contracts by BP to provide services to the Glen Lyon Floating Production, Storage and Offloading (FPSO) vessel as part of the Quad 204 Project, located 175 km west of the Shetland Isles, UK. The three reimbursable contracts are worth £31.5 million and will create 100 onshore and 50 offshore jobs.

The hook up and commissioning contract, worth £27 million, will run through to June 2017. Amec Foster Wheeler will hook up the new Glen Lyon FPSO to the Schiehallion and Loyal fields as part of the BP’s Quad 204 redevelopment, extending the life of the two fields, enabling them to continue production beyond 2035.

Amec Foster Wheeler will also provide follow-on engineering as part of a contract for any residual works that emerge during the transition from the yard in Korea to BP operations. This contract continues to June 2017.

Amec Foster Wheeler’s completions and commissioning specialist, qedi, is providing electrical and instrument technicians as part of the commissioning support to the Glen Lyon hook up. This £2 million contract will run through to June 2017.

 

 

Alan Johnstone, Amec Foster Wheeler’s Managing Director for Upstream Asset Solutions
We are delighted to work with BP on their Quad 204 redevelopment, which extends field life and contributes to the future sustainability of the Schiehallion and Loyal fields. The three contracts allow Amec Foster Wheeler to demonstrate its leading hook up and commissioning capabilities, whilst ensuring a focus on safe and efficient operations.
Alan Johnstone, Amec Foster Wheeler’s Managing Director for Upstream Asset Solutions

Amec Foster Wheeler has been providing hook up and commissioning services to BP’s two new Clair Ridge platforms since 2013.

BP announced last week that the Glen Lyon has started sea trials as it begins its journey towards the west of Shetland. The Glen Lyon left the Hyundai Heavy Industry quayside in Ulsan, South Korea, on Saturday 5th December. It will now complete approximately two weeks of sea trials, after which it will return to the quayside for final class and flag approvals to certify it as a ship, a prerequisite before the long tow to west of Shetland can commence.

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.

 

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.

 

Forward-Looking Statements

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.