FTSE 100-listed international engineering and project management company AMEC has been appointed by BP and its co-venturers, Shell, ConocoPhillips and Chevron, to deliver the hook up and commissioning services for two new Clair Ridge platforms, west of Shetland.
The work, which is scheduled to run through to March 2016, is valued at £68m and follows the completion of the engineering and project management services for the Clair Ridge project.
The contract will see AMEC, and its commissioning and completions specialist business, qedi, deliver hook up and commissioning services for the construction and installation phase of two new bridge-linked platforms, which includes new production, accommodation and drilling facilities plus the subsea pipelines tied into the existing export systems.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
The two new platforms are due to be installed in 2015, with production scheduled to start in 2016.
AMEC reported that BP's £4.5bn capital investment would give access to 640m barrels of recoverable oil, and see up to 120,000 barrels per day at peak, extending the life of the field to 2050.
Alan Johnstone, AMEC's Brownfield Managing Director said: "I am delighted that our long track record of delivery of major and complex projects for BP has been recognised through this significant contract award.
"The award extends our relationship with BP, as well as crowning our overall involvement with this giant development from concept right through to commissioning. We will be utilising our leading expertise from our brownfield centre of excellence and securing jobs for the North Sea."
AMEC's share price was down 0.58% to 1,031p at 09:15 on Monday morning.
10 vinyl records worth up to £10,000 - is one in your collection?
News Vinyl is experiencing a resurgence and collectors will pay up to £10,000 for some albums - is it time to dust off your old records?
By Marc Shoffman Published
FCA: Banks are still short-changing savers
The latest FCA review finds that while public shaming has encouraged providers into offering better deals on savings, many of those with closed accounts are still being shortchanged.
By John Fitzsimons Published