Amec Foster Wheeler Wins GNL Quintero Chilean LNG Contract

Expanded contract builds on successful project delivery of first phase work

LONDON--()--Amec Foster Wheeler announced today that it has been awarded an Owner’s Engineer contract by GNL Quintero to provide engineering services at its Quintero regasification terminal in Chile.

Amec Foster Wheeler will participate in the Engineering, Procurement and Construction bid evaluation, as well as providing engineering services. The expansion involves the construction of a third storage tank and additional equipment to increase the regasification capacity.

Thomas Grell, Amec Foster Wheeler's President Oil, Gas & Chemicals, Downstream Capital Projects Americas/Asia Pacific said:

"I am delighted that Amec Foster Wheeler will continue to work with GNL Quintero. As part of a contract we will use our wide-ranging technical expertise and capabilities to deliver this LNG project.

“Amec Foster Wheeler was appointed the Owner’s Engineer during the first expansion of the plant and LNG truck-loading facility, and we’re looking forward to continuing our close partnership with GNL Quintero to maximise the value of its Chilean assets.”

Capacity for regasification of imported LNG at Quintero’s terminal was initially expanded from 10 million cubic metres per day (MMm3/d) to 15 MMm3/d in 2015. This latest expansion will increase the terminal’s capacity to 20 MMm3/d.

ENDS

Notes to editors:

Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors. Employing around 36,000 people in more than 55 countries and with 2015 revenues of £5.5 billion, the company operates across the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, process and power, pharma, environment and infrastructure markets. Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.

Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.

GNL Quintero is the first land-based receiving, unloading, storage and regasification terminal of LNG in the southern hemisphere. It is a joint venture of Enap (20%), Enagás (40%) and Terminal de Valparaíso (Enagás, Oman Oil), which holds 40% in the project.

Forward-Looking Statements

This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing, results and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.

Contacts

Amec Foster Wheeler
Lauren Gallagher
+1.602.757.3211
lauren.gallagher@amecfw.com
or
Achilleas Georgiou
+ 44 (0)20 7429 7511
achilleas.georgiou@amecfw.com

Release Summary

Amec Foster Wheeler wins GNL Quintero Chilean LNG contract

Contacts

Amec Foster Wheeler
Lauren Gallagher
+1.602.757.3211
lauren.gallagher@amecfw.com
or
Achilleas Georgiou
+ 44 (0)20 7429 7511
achilleas.georgiou@amecfw.com