North Sea oil deal
British engineering firm AMEC PLC has said that a joint venture in which it is a partner had signed a GBP 750 million pound seven-year deal to provide support services to North Sea oil producer Shell Expro. The new joint venture company comprises AMEC, Wood Group Engineering Services Ltd and KBR – a unit of US-based Halliburton – each with a third share. AMEC said Shell Expro awarded the contract after a review of its existing North Sea service contracts, with a view to improving safety and production efficiency. AMEC said the contract covered engineering and maintenance across a broad spread of North Sea operations and for the engineering firm meant an additional GBP 160 million of services to Shell Expro, it said in a statement.
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