May 4, 2017   SOURCE: BusinessWire

Amec Foster Wheeler Signs Extension to BP Master Service Agreement

Amec Foster Wheeler’s completions and commissioning company, qedi, has signed an extension of its global Master Service Agreement with BP, which it has successfully delivered since 2012.

The new contract with BP will run for two years through till December 2019. qedi will continue with the exclusive provision of completions and commissioning support services to BP on a global basis. The agreement also includes all licences and support for qedi’s GoTechnology® products, as well as completions and commissioning manpower services.

This completions and commissioning support service - which includes the management and delivery of projects from mechanical completion and pre-commissioning through to handover - is an integral part of Amec Foster Wheeler’s full lifecycle offering, as it expands its business supporting customers throughout the lifecycle of their assets.

Barry Cann, qedi Managing Director said:

“qedi has been providing completions and commissioning support services to BP for over 15 years. We’re delighted to be awarded an extension with BP, which is a vote of confidence in our relationship with the company, the value we add, our unrivalled capabilities and our skilled team. We look forward to continue working with BP on their projects around the world.”

ENDS

Notes to editors:

Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors. Employing around 35,000 people in more than 55 countries and with 2016 revenues of £5.4 billion, the company operates across the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, power and process, pharma, environment and infrastructure markets. Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.

Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.

qedi is a leading completions, commissioning and technology provider with more than 20 years of providing technology and expertise in completions and commissioning services to the oil and gas sector.

The company’s continuous improvement and investment in technology and competence has led to the development of a suite of products called GoTechnology® designed to successfully manage construction, completions, pre-commissioning, commissioning, start-up and decommissioning activities in the industry.

qedi is part of Amec Foster Wheeler.

Forward-Looking Statements

This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing, results and success of contracts, and

are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.

Publication on Website

A copy of this announcement will be made available on Amec Foster Wheeler’s website at www.amecfw.com by no later than 12 noon (London time) on the business day following publication of this announcement. For the avoidance of doubt, the contents of this website are not incorporated into and do not form part of this announcement.