Amec Foster Wheeler wins Upper Zakum field contract extension

Source Press Release
Company Amec Foster Wheeler Plc 
Tags Reserve Update, Exploration, Upstream Activities
Date August 18, 2015

Amec Foster Wheeler has been awarded an extension to its existing Project Management Consultancy (PMC) contract for the UZ750 project in the Upper Zakum (UZ) field, located 84 kms north-west of Abu Dhabi. The value of the contract has not been announced.

The contract was award by the Zakum Development Company (ZADCO), which operates the field through a venture involving the Abu Dhabi National Oil Company, ExxonMobil and the Japan Oil Development Company.

The UZ750 project commenced in 2008 to redevelop the Upper Zakum (UZ) field, which is recognised as the second largest oil field in the Gulf and comprises four artificial islands with associated drilling and production facilities.

Amec Foster Wheeler’s scope of work includes PMC Services to be delivered as part of an Integrated Project Management team. ZADCO will oversee the contractors’ delivery of reimbursable Engineering, Procurement and Construction (EPC) scopes of work, as well as commissioning and start-up support of the facilities. This work is scheduled to complete in December 2017.

Roberto Penno, Group President, Asia, Middle East, Africa & Southern Europe, Amec Foster Wheeler, said: 'This UZ750 contract win cements Amec Foster Wheeler’s ongoing engagement in this strategically important project. The Middle East is a key growth area for Amec Foster Wheeler and we look forward to continuing our relationship with ZADCO on this next important phase of work.'

Amec Foster Wheeler has been engaged on the UZ750 project since June 2008 when it was awarded the initial PMC contract. The UZ750 project is an important investment for both ZADCO shareholders and Abu Dhabi, given it will achieve and sustain oil production at one million barrels of oil per day until 2050 and beyond.

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