AMEC PLC (AMEC.LN), the international engineering and
project management company, has been awarded a $600 million contract by BP PLC
(BP) to work on the oil major's projects in Azerbaijan, BP said Tuesday.
MAIN FACTS:
-The
contract will cover the Azeri-Chirag-Gunashli and Shah Deniz offshore
facilities and ACG, Shah Deniz, Baku-Tbilisi-Ceyhan and South Caucasus Pipeline
onshore facilities at the Sangachal Terminal as well as the Supply Base at Baku
Deepwater Jackets Factory.
-The contract is for five years with two possible four-year extensions.
-The work will be carried out in
Baku
with
involvement of the local company Azfen.
-AMEC
shares at 1323 GMT up 1.0 pence, or 0.1%, at 1201 pence.