AMFW.L Share News (AMFW)

(ShareCast News) - Amec Foster Wheeler said it had won two long-term major services contracts as part of Repsol Sinopec Resources UK's long-term transformation and commitment to the North Sea.Both contracts are for an initial three-year term with up to two one year extensions.The new contracts are for the provision of maintenance and construction labour and engineering support services, covering its offshore operated assets and the terminal at Flotta, Amec said.The first contract is a new, simplified labour supply contract, replacing the previous maintenance services model. Amec Foster Wheeler's scope covers seven offshore assets: Arbroath; Bleo Holm; Buchan; Clyde; Claymore; Montrose; Tartan.The second is for a tier 1 engineering services support, covering brownfield modifications and repair orders on a call-off basis, reflecting Repsol Sinopec's asset-based structure and allowing assets to align engineering scopes with suppliers whose core competence makes them best placed to execute them efficiently.