Amec awarded two North Sea oil contracts

Amec awarded two North Sea oil contracts

Global engineering firm Amec Foster Wheeler (LSE:AMFW)(NYSE:AMFW) announced yesterday it has been awarded two North Sea contracts with oil explorer Repsol Sinopec (MCE:REP).

The contracts will see Amec provide maintenance and construction labour and engineering support services at seven offshore sites across Scotland.

The first contract is solely to supply labour at the offshore sites and the second contract covers modifications and repairs. Both contracts are for an initial three-year period, with two optional one-year extensions.

“These new operations and maintenance contracts are all about efficient delivery, offering innovative solutions and being accountable for what we do,” said Alan Johnstone, Amec’s managing director for upstream asset solutions.

“I am delighted that we have been chosen as part of the supply chain to support Repsol Sinopec in its continued transformation, and I look forward to seeing us deliver long term value to them.”