Amec Foster secures £125m contract with BP

(ShareCast News) - Engineering services company Amec Foster Wheeler has secured a one-year engineering, procurement and construction contract with BP worth £125m.The contract is to build a new refrigeration plant that will maintain efficient operations across BP's Forties pipeline system.It covers the oil giant's refrigerated liquid petroleum gas site in Grangemouth, Scotland, which is part of the company's Kinneil Liquid Petroleum Gas Chilldown project.The contract was awarded under Amec's global agreement with BP to provide it with engineering and project management services for the development of onshore facilities around the world."This contract is a great example of how we are using our leading brownfield and onshore engineering experience and expertise to deliver the best solution for our client. We have been working with BP at Grangemouth since the 1970s and look forward to providing them with continued safe and efficient operations," Amec said.At 1047 GMT, Amec shares were up 2.2% to 437p.