Shaping the Future
AMEC plc (AMEC) started engineering activities in Canada more than 100 years ago when the Montreal Engineering Company (MEC) was established in 1907.
In 1992, AGRA took over MEC to create AMEC.
– Oil and gas
– Clean energy
– Installation, start up and decommissioning services
With its Head office in London, UK, AMEC runs projects in 40 countries with more than 29,000 employees.
Until 2012, AMEC is organized around three market segments Divisions:
– Power and Process: Nuclear, Renewable and bioprocess, Power, Transmission and distribution
– Environment and Infrastructures for: Oil and Gas, Minerals and metals, Nuclear, Renewables and bioprocess, Transport and infrastructures, Water
From 2013, AMEC is modifying its organization in consolidating activities geographically rather than by Division.
AMEC Key Figures
– 2011 Revenues: $3,26 billion
– 2010 Revenues: $2,95 billion
– 2009 Revenues: $2,53 billion
– 2011 Earnings: $0,25 billion
– 2010 Earnings: $0,25 billion
– 2009 Earnings: $0,20 billion
AMEC Projects and Business Highlights
According to AMEC strategy 2015 vision, the new organization to take place in 2013 should help to develop the synergies between the Divisions on the local base and to increase market shares at no costs.
This structure is also to facilitate the acquisition and integration of engineering companies such as Kromav Engenharia Ltda (KROMAV), a privately owned Brazilian offshore oil and gas and marine engineering company.
Based in Rio de Janeiro, KROMAV is well recognized in Brazil for its engineering services to Petrobras for offshore platforms, Floating, Production, Storage & Offloading (FPSO) vessels and other marine applications.
On the same time, all the three Divisions cover markets which does not grow at the same pace, so that AMEC is now intending to focus on most dynamic and sustainable segments: Energy, Power and Water.
In that respect AMEC has been awarded the:
– Detailed design for GDF Suez Cygnus project in the UK North Sea
Since the upstream activities, especially offshore, remain its back bone, AMEC took the opportunity of the end of the ban in the Gulf of Mexico to create a joint venture with Samsung Heavy Industries (Samsung) in the USA.
– Samsung 51%
– AMEC 49%
With this joint venture, AMEC and Samsung are targeting fixed and floating offshore platforms, FPSOs, subsea pipelines where they will offer the whole engineering services portfolio from conceptual study to turnkey, lump sum EPC contracts.
With its Strategy 2015, AMEC is going to focus on oil and gas and petrochemicals, offshore and onshore with dedicated approaches, supported by a geographical organization to conquer new markets shares in Brazil, USA and Middle East.