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AMEC in brief

Shaping the Future

AMEC plc (AMEC) started engineering activities in Canada more than 100 years ago when the Montreal Engineering Company (MEC) was established in 1907.

In 1992, AGRA took over MEC to create AMEC.

Today, AMEC  is listed in London Stock Exchange and is building up its market leadership in focusing on engineering services and project management consultancy covering several industrial sectors:

 – Oil and gas

 – Mining

 – Clean energy

 – Environment

 – Infrastructures

Benefiting from a long list of references with BP, EDF, National Grid, Shell, US Navy, AMEC provides engineering services covering the

 – Conceptual studies

 – Front end engineering and design (FEED)

 – Engineering, procurement and construction management (EPCM)

 – Installation, start up and decommissioning services

With its Head office in London, UK, AMEC runs projects in 40 countries with more than 29,000 employees.

Until 2012, AMEC is organized around three market segments Divisions:

 – Natural resources: Oil and Gas, Unconventional Oil and Gas, Minerals and metals

 – Power and Process: Nuclear, Renewable and bioprocess, Power, Transmission and distribution

 – Environment and Infrastructures for: Oil and Gas, Minerals and metals, Nuclear, Renewables and bioprocess, Transport and infrastructures, Water

From 2013, AMEC is  modifying its organization in consolidating activities geographically rather than by Division

AMEC Key Figures

 – 2011 Revenues: $3,26 billion

 – 2010 Revenues: $2,95 billion

 – 2009 Revenues: $2,53 billion

 – 2011 Earnings: $0,25 billion

 – 2010 Earnings: $0,25 billion

 – 2009 Earnings: $0,20 billion

AMEC Projects and Business Highlights

Focusing on Conceptual studies, FEED and PMC, AMEC needs to be engaged with the operating companies at the very early stage of the projects for which the local contact is essential.

According to AMEC strategy 2015 vision, the new organization to take place in 2013 should help to develop the synergies between the Divisions on the local base and to increase market shares at no costs.

This structure is also to facilitate the acquisition and integration of engineering companies such as Kromav Engenharia Ltda (KROMAV), a privately owned Brazilian offshore oil and gas and marine engineering company.

Based in Rio de Janeiro, KROMAV is well recognized in Brazil for its engineering services to Petrobras for offshore platforms, Floating, Production, Storage & Offloading (FPSO) vessels and other marine applications.

On the same time, all the three Divisions cover markets which does not grow at the same pace, so that AMEC is now intending to focus on most dynamic and sustainable segmentsEnergy, Power and Water.

On the oil and gas sector, AMEC aims at increasing business on downstream sectors, especially in USA and in Middle East.

In that respect AMEC has been awarded the:

 – PMC contract for the greenfield 615,000 b/d Al-zour Refinery project in Kuwait and to come on stream in 2018

 – EPCM five years contract for Talisman Energy topsides of offshore platforms in the UK North Sea.

 – Conceptual study, FEED and EPCM contracts with Chevron to extend the Barrow Island in Western Australia

 – Detailed design for GDF Suez Cygnus project in the UK North Sea

 – FEED contract for the Topsides the BP Mad Dog 2

Since the upstream activities, especially offshore, remain its back bone, AMEC took the opportunity of the end of the ban in the Gulf of Mexico to create a joint venture with Samsung  Heavy Industries (Samsung) in the USA.

To be based in Houston, Texas, AMEC and Samsung are currently registering the AMEC Samsung Oil and Gas LLC (ASOG) company with working interest shared between:

 – Samsung 51%

 – AMEC 49%

With this joint venture, AMEC and Samsung are targeting fixed and floating offshore platforms, FPSOs, subsea pipelines where they will offer the whole engineering services portfolio from conceptual study to turnkey, lump sum EPC contracts.

With its Strategy 2015, AMEC is going to focus on oil and gas and petrochemicals, offshore and onshore with dedicated approaches, supported by a geographical organization to conquer new markets shares in Brazil, USA and Middle East.

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

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