Contractors Unlimited

AMEC Joint Venture Secures Shell ONEgas Contract Extension

AMEC AMEC and its joint venture partners have secured a three-year extension worth €200 million per year for the Integrated Services Contract (ISC) for the assets known as Shell ONEgas Southern North Sea (SNS).

ONEgas is a combined business unit of Shell UK Exploration & Production (Shell) and the Nederlandse Aardolie Maatschappij B.V. (NAM).

AMEC and its joint venture partners Jacobs and Stork (AJS) have secured the contract extension as a result of continued exceptional performance and business improvement. AJS has been delivering the ISC since 2003 and future contract extensions will also be based on performance.

The work applies to all 54 Southern North Sea offshore assets as well as the Shell Bacton plant in the UK and the NAM operated Den helder gas plants in the Netherlands. Up to 1,000 people are employed by the joint venture across the UKCS (United Kingdom Continental Shelf) and the Dutch sector. AMEC will continue to provide management, engineering, maintenance execution, project delivery and operational support to one of the largest and most complex asset support contracts in the North Sea.

John Pearson, Managing Director of AMEC's Europe & West Africa business, said:

"Our excellent performance over the last eighteen months with our business improvement drive has set us up for this award, which has taken a huge amount of effort from our staff. Everyone involved with this achievement should be really proud as they have truly contributed to this success and in parallel helped to secure their own future."

Neil Bruce, Chief Operating Officer of Natural Resource and Power & Process divisions, added:

"I am pleased that Shell has recognised the incredible efforts AMEC and our partners have put into sustaining production from the assets, and has rewarded us with an extension to the contract."

Published 19/04/2010

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AMEC (LSE: AMEC) is a focused supplier of high-value consultancy, engineering and project management services to the world's natural resources, nuclear, clean energy, water and environmental sectors. With annual revenues of over £2.5 billion, AMEC designs, delivers and maintains strategic and complex assets for its customers. The company employs over 21,000 people in around 40 countries worldwide.

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