AMEC and MMC Form New Malaysian Company

AMEC and MMC Oil & Gas, a leading Malaysian oil and gas engineering consultancy organisation, has announced the formation of a new private limited company named MMC AMEC Sdn. Bhd.

MMC will hold 51% and AMEC 49% of shares in the new company.

With its head office in Kuala Lumpur, Malaysia, MMC AMEC will operate in South East Asia, specialising in large-scale integrated deepwater facilities as well as internationally providing engineering and project management services for both the upstream and downstream sectors. The move will create one of Malaysia's foremost oil and gas services companies, combining MMC Oil & Gas's more than 20 years of experience globally with AMEC's 35-year standing in international oil and gas markets.

"The establishment of MMC AMEC is another step forward in AMEC's growth strategy in the global energy sector and follows soon after our acquisition of BKKS in Kazakhstan, another key oil-producing region," said Neil Bruce, Chief Operating Officer, AMEC's Natural Resources business. "The Kuala Lumpur office will not only take us closer to providing the best engineering and project management expertise in the region, it will also become one of AMEC's major engineering design hubs. Together with hubs in the UK and North America, it will enable us to operate to international standards, supporting our clients across all the world's time zones."

Mr Feizal Ali, MMC Group Chief Executive added: "The new company will have the resource and back-up support of MMC Group and AMEC. Our objective is to ensure that our established customers in Malaysia and our international customers are able to determine the real value of our combined efforts as quickly and as effectively as possible."

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Posted 27/08/07

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