Farm In Not Take Over

Wed 08:56 Re: XEL.L 28 Agreed Podcast this is a good choice by XEL. If the outcome is a farm in, it will provide a degree of confidence that the necessary project support for XEL is in place. If a take over emerges (less likely IMO) there should be no need for the buyer to have to change track if a competent team from AMEC is doing the business. Aberdeen, United Kingdom (4 April 2011) - AMEC, the international engineering and project management company, has been selected by BP Exploration and Production to programme manage their existing portfolio of onshore and offshore projects in the North Sea, estimated to be worth £60 million over the four year contract. As part of the BP-AMEC onshore global agreement announced last year, this ‘evergreen’ award will see AMEC providing engineering and project management services to BP’s North Sea Region. The projects are located to the west of Shetland, Northern North Sea, Southern North Sea and the Norwegian sector of the North Sea. Under this long-term, performance-based contract, AMEC’s work will range from front-end engineering design (FEED) through to construction management for multiple EPC (engineering, procure, construct) projects. “I am extremely pleased that we are continuing to strengthen our already good relationship with BP,” said John Pearson, Managing Director of AMEC’s Europe & West Africa business. “This major award in the North Sea demonstrates BP’s ongoing confidence in our project delivery and programme management capabilities.” It has been a good couple of days for AMEC! London, United Kingdom (11 June 2013) - AMEC, the international engineering and project management company, has been awarded a framework contract by BP to provide environmental and related consulting services for all of BP’s assets in their upstream, refining and marketing, alternative energy and shipping businesses worldwide. AMEC has an existing environmental services framework contract with BP in North America and this latest award effectively forms a global Master Services Agreement for environmental services between the two companies. The value of the contract, which will run until to 2017, has not been announced. Under the agreement, AMEC will be called upon as required to provide a wide range of services including emergency response and continuity planning, remediation engineering, decommissioning, waste management and environmental services. AMEC already has global agreements with BP for Engineering and Project Management services for both offshore and onshore oil and gas projects. Regards Gramacho