AMEC undertakes strategic partnership with Australianbased specialist frontend consulting services company


London, United Kingdom (7 December, 2010) "- AMEC, the international engineering and project management company, announces today that it has acquired a majority shareholding in S2V Consulting Pty Ltd (S2V Consulting), a leading consultancy to the oil and gas industry, to form a new partnership in Australia.

The management of S2V Consulting will retain a significant stake in the business, and S2V Consulting will keep its independent brand and specialised service offering.

S2V Consulting provides front-end consulting services including field development planning, conceptual screening and project assurance. It also offers specialist technical consulting throughout the project life-cycle such as subsea, pipelines, technical safety and risk and environmental services. S2V Consulting has some 100 technical staff and is headquartered in Perth, Australia.

The new venture is aligned with AMEC's Vision 2015 strategy of assured growth, through a strengthened geographic footprint and enhanced capabilities in key sectors, and will grow the company's front-end and subsea capabilities in the Asia Pacific region and beyond. It also supports the international growth of S2V Consulting by providing access to AMEC's wider global customer base and industry relationships.

 "The addition of S2V Consulting to the AMEC family supports us in our journey towards Vision 2015 by adding key capabilities in this growing market and I am delighted to welcome them," said Tony Cruddas, President of AMEC's Growth Regions operations. "S2V's front-end consulting services both complement and broaden our offering to clients, which will now include in-house subsea and field development services."

Grant Veroba, the Executive Director of S2V Consulting said: "I am delighted that the partnering with AMEC puts us in a great position to maintain our independence of offering, while giving us a global platform to expand and grow. Our synergies with AMEC's existing services give us the best possible position to offer solutions and value to all our existing and future customers."

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