Amec Foster Wheeler Says Increasing Efficiency is Key to Success in the Middle East

Source Press Release
Company Amec Foster Wheeler Plc 
Tags Service Contracts, Strategy - Upstream, Upstream Activities
Date November 04, 2015

Amec Foster Wheeler announces ahead of ADIPEC, 9-12 November in Abu Dhabi, that increasing operational efficiency is vital in order to remain competitive. Chief Executive Samir Brikho will outline the importance of efficiency during ADIPEC when he takes part in a panel session entitled Operations: The New Era of Operations Efficiency.

Despite the current market challenges, Amec Foster Wheeler has continued to expand in the Middle East and has been awarded several key contracts in recent months, the most recent is a Project Management Consultancy contract extension for the UZ750 project in the Upper Zakum field. Amec Foster Wheeler is also actively working on mega projects in Kuwait, Saudi Arabia, Iraq, Qatar and Oman.

Amec Foster Wheeler has established Abu Dhabi as its Middle East hub of expertise in the region and the office, with currently over 700 people, is undergoing a process of expansion following the award of several new engineering contracts in the UAE.

Amec Foster Wheeler’s Group President for Asia, Middle East, Africa and Southern Europe, Roberto Penno, will also attend ADIPEC and said the company’s success in the region is due to a flexible and diversified approach and a commitment to long-term operational efficiency. He said:

"Amec Foster Wheeler is asset light and has a flexible business model which means that we can adapt easily to meet project demands. One of our other key differentiators is that we also work across non-hydrocarbon end markets and are able to pursue a variety of opportunities.

"While the market is challenging, we are in a strong position and committed to delivering long-term operational efficiency for our customers, regardless of the oil price. We are confident about the outlook of the market in the Middle East."

Amec Foster Wheeler currently has over 2,000 people based in the Middle East, with plans for continued expansion.

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd