AMEC FOSTER WHEELER Sellafield Contract
Amec Foster Wheeler has been notified that the Nuclear Decommissioning Authority (NDA) is to terminate the NMP Sellafield contract at the end of Q1 2016. The NDA has confirmed this is not performance related and this change does not impact any other Amec Foster Wheeler project work on the Sellafield site.
It is vital that the lessons learned and the progress made since NMP were awarded the contract in 2008 should not be wasted. NMP has to date generated £650m of efficiency savings and met 96% of its targets last year while Sellafield's safety performance is now the best ever.
NMP will continue to ensure that safe operations are maintained at the site, with the progressive implementation of a new contractual model.
Amec Foster Wheeler looks forward to continuing a significant role in the decommissioning work at Sellafield.
Enquiries to:
Amec Foster Wheeler plc | + 44 (0)20 7429 7500 | |
Julian Walker, Group Corporate Affairs Director | ||
Rupert Green, Head of Investor Relations |
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers acrossthe global energy and related sectors.
With pro-forma 2013 annualised scope revenues of £5.5 billion and over 40,000 employees in more than 50 countries, the company operates across the whole of the oil and gas industry - from production through to refining, processing and distribution of derivative products - and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.
Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas (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.
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.
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