Investor Alert

July 12, 2016, 3:10 a.m. EDT

Amec Foster Wheeler wins two North Sea contracts

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By Razak Musah

LONDON--Amec Foster Wheeler PLC (AMFW.LN) said Tuesday it has been awarded two long-term services contracts as part of Repsol Sinopec Resources U.K.'s long-term transformation and commitment to the North Sea.

The consultancy, engineering and project management company didn't disclose any figures, but said the contracts are both for an initial three-year term, with up to two one year extensions.

"These new operations and maintenance contracts are all about efficient delivery, offering innovative solutions, and being accountable for what we do. I am delighted that we have been chosen as part of the supply chain to support Repsol Sinopec in its continued transformation, and I look forward to seeing us deliver long-term value to them," Alan Johnstone, Amec Foster Wheeler's managing director for Upstream Asset Solutions, said.

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

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