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AMFW Amec Foster Wheeler

546.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amec Foster Wheeler LSE:AMFW London Ordinary Share GB0000282623 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 546.50 545.00 546.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Amec Gets 6-Year Nexen Petroleum UK EPC Contract

06/01/2014 9:05am

Dow Jones News


Amec Foster Wheeler (LSE:AMFW)
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LONDON--AMEC PLC (AMEC.LN), an international engineering and project management company, said Monday it has been appointed by Nexen Petroleum U.K. Ltd., a wholly-owned subsidiary of CNOOC Ltd. (0883.HK), to provide engineering, procurement and construction services for their North Sea offshore assets.

MAIN FACTS:

-Reimbursable contract will run for six years, with the option of two extensions, each for a further two years.

-It is estimated that 150 jobs will be created onshore and offshore to support the contract's operations.

-No financial details disclosed.

-Work will cover operational modifications and brownfield projects.

-Shares at 0830 GMT up 5 pence, or 0.46%, at 1082 pence valuing the company at 3.21 billion pounds.

-Write to Ian Walker at ian.walker@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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