AMEC's Oil and Gas Division Awarded BG Contract

abarrelfullabarrelfull wrote on 28 Oct 2014 12:20

9 January 2006

AMEC plc, the international project management and services company, announces the award, by natural gas business the BG Group plc ('BG'), of a three- year service contract with a further two one-year options. AMEC will provide support to all of BG's UK Upstream assets and manage the development of the Maria brownfield gas project in the North Sea.

The initial value of the contract is approximately £90million.

The scope of the contract includes engineering, procurement, construction and project management for brownfield modifications and projects. Work will commence immediately to secure production from the Maria field by the first quarter of 2007. Maria is a two-well subsea development tied back to BG's Armada platform. Recoverable reserves are estimated to be 35 million barrels of oil equivalent.

AMEC will also execute any additional future brownfield UK upstream projects that BG initiates during the contract period, with each being subject to separate and additional financial arrangements agreed at the appropriate time.

Neil Bruce, AMEC Oil & Gas Managing Director, said 'This contract reaffirms our position as a leading provider of asset support services and brownfield modifications - an area in which AMEC Oil & Gas has considerable expertise. Our relationship with BG is long standing and we are very pleased to be working on this strategically important contract, continuing our strong track record in the execution of modification and project work.'

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