AMEC and Fluor Awarded Australian Offshore Oil and Gas Contract for Woodside

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15 July 2003

AMEC, the international engineering services company, together with its alliance partner Fluor, has secured a major contract to undertake the front end engineering and design (FEED) and related services for the development of a major floating oil production (FPSO) facility offshore Australia. The contract includes the option for an extension to undertake the full engineering, procurement and construction management (EPCM) with a total contract value of £35 million.

The Enfield floating production, storage and offloading facility is part of a 1.5 billion AUD (£600 million) development by Woodside Energy Ltd of its Enfield Oil Field located 40km offshore the North West Cape, West Australia.

The facility - which will come on line in 2006 and will process up to 100,000 barrels of oil per day – will operate in water depths of some 650 metres. It will have a storage capacity of up to one million barrels . The Enfield oil field was discovered in 1999 and the field oil reserves are assessed to be around 150 million barrels.

AMEC Chief Executive, Sir Peter Mason, said: “AMEC continues to see considerable opportunity in the international oil and gas sector and we are particularly pleased to be further expanding our relationship with Woodside Energy in Western Australia’s fast-growing offshore energy region. With our long term strategic partner Fluor, we have extensive experience in the development and delivery of these sophisticated offshore floating production facilities”.

AMEC and Fluor’s contract will be executed from its offices in Perth and involves the provision of FEED, preliminary execution and EPCM services. The Enfield FPSO will be based on a new build Suezmax type tanker, which will be specially modified for FPSO operations and will be constructed by Samsung Heavy Industries, of South Korea.

The project is another major milestone for the AMEC Fluor alliance, which is currently undertaking two similar FPSO contracts - Kizomba A and Kizomba B – at their Houston design office for ExxonMobil. Both Kizomba FPSO’s will operate in the fast growing offshore West African oil-producing region. AMEC Fluor is also successfully undertaking a range of other long-term oil and gas projects in Korea, The Philippines and the Albian Sands oil sands facility in Canada.

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