Engineering and project management company Amec Foster Wheeler has received a major contract for the rejuvenation of Brunei Shell Petroleum's assets.
The contract scope includes concept, front-end engineering design (FEED), construction, marine and fabrication management, completions and commissioning procurement, as well as project management.
The contract carries a term of five years starting this month with two one-year extension options. The agreement also includes Brunei Shell Petroleum's oil and gas assets in the South China Sea.
Amec Foster Wheeler president of oil, gas and chemicals John Pearson said: "I'm delighted that Amec Foster Wheeler has been selected to deliver such an important contract for Brunei Shell Petroleum.
"We are bringing together Amec Foster Wheeler's unique combination of brownfield expertise, 'More 4 Less' methodology, global capabilities, and long-term customer relationships to maximise the value of Brunei Shell Petroleum's assets in Brunei."
Amec Foster Wheeler's 'More 4 Less' lean engineering methodology was originally developed to sustain the challenges of the mature North Sea oil and gas industry. The same engineering methodology will also be employed in this contract with Brunei Shell Petroleum.
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Amec Foster Wheeler claimed that 'More 4 Less' methodology was successful in saving up to 60% in time and cost of its clients compared to the conventional approaches.
The contract also requires Amec Foster Wheeler to carry out substantial local development, creating more than 300 local Bruneian jobs.
This measure will help develop local skills and capabilities through the lifetime of the project.