Engineering and project management company AMEC has been awarded a topsides design contract by BP for the Mad Dog Phase Two deepwater project in the Gulf of Mexico.
"Deepwater projects are increasingly important in helping to meet rising demand for oil and gas around the world," AMEC said in a statement on Tuesday morning.
The company will provide Front End Engineering Design (FEED) services for the topsides facilities for BP Exploration & Production - the new facility will be of one of the largest floating production systems to be installed in the Gulf of Mexico.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"This award is the latest in our on-going global engineering and project management services agreement with BP and continues our long-term collaboration with the largest oil producer in the Gulf of Mexico," said Simon Naylor, President of AMEC's Natural Resources Americas business.
"The contract further strengthens AMEC's track record in the development of global deepwater facilities, building on current offshore projects in Brazil and Angola."
No contract value has been disclosed.
BC
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Sandwich generation’ carers losing £6,000 a year to support elderly relativesMiddle-aged adults are often caught between caring for children or grandchildren and their elderly parents, leaving them taking time out of the workforce and facing a huge hit to wages while they are still trying to save for retirement. We look at the true cost of caring.
-
Ground rents to be capped at £250 a year – what does it mean for you?The government has published draft legislation which would see ground rents capped at £250 per year for leaseholders. We examine what it means for homeowners and the housing market.
