AMFW.L Share News (AMFW)

(ShareCast News) - Engineering firm Amec Foster Wheeler was awarded an extension from Zakum Development Company for its UZ750 project, the company said in a release.Amec did not disclose the financial value of the contract for to redevelop the Upper Zakum field, north-west of Abu Dhabi. It had started work on the oil field in 2008, which was expected to be completed in 2017.Zakum Development Company operated the field through a venture involving the Abu Dhabi National Oil Company, ExxonMobil and the Japan Oil Development Company.The Upper Zaku Field was recognised as the second largest oil field in the Gulf and comprises four artificial islands with associated drilling and production facilities.Amec group president for Asia, Middle East, Africa & Southern Europe Roberto Penno said the project was "strategically important.""The Middle East is a key growth area for Amec Foster Wheeler and we look forward to continuing our relationship with ZADCO on this next important phase of work," he said.