One of the most important transactions to the global oil and gas industry took place this past Thursday November 13th: O&G engineering giant Amec decided to take over Foster Wheeler. Now, Amec Foster Wheeler, has combined forces to take on projects in over 50 countries, including Mexico. With a workforce that adds up to 40,000, the enterprise will be delivering world-class engineering and project management to diverse industries around the globe, where the recently reformed Mexican oil and gas industry is a defining component of the company’s global portfolio ambitions.
Amec Foster Wheeler will continue catering to the oil and gas value chain through the design of intricate infrastructure to increase productivity in the upstream segment while also handling projects related to gas, refining, and petrochemicals. With 56% of its revenues coming from the oil and gas sector worldwide, the company will be handling business opportunities in Mexico through its Americas unit and even though operations in the Americas will be managed by this unit, Amec Foster Wheeler’s global strategy will leverage on its other two regional divisions: Northern Europe and Commonwealth of Independent States as well as its Africa, Middle East, Asia, and Southern Europe unit. In supporting one another, their main goal is to guarantee its clients outstanding results by sharing experiences and skilled workforce to add significant value to every project.
As a leading provider of asset support to most segments of the global oil and gas industry, Amec Foster Wheeler’s capabilities bring a bigger and better plate to the table. Having worked in the North Sea and the Gulf of Mexico, among other onshore locations in the upstream and downstream segments, the EPC-driven enterprise has a track record in a wide array of environments. Moreover, fostering creativity through its engineering talent has enabled the firm to develop innovative solutions for the oil and gas value chain overall. Now headed by Simon Naylor, the Americas business unit will surely be combining its proven track record in upstream and downstream projects in Mexico.
In an exclusive interview to Mexico Oil & Gas Review, Director General of Foster Wheeler Mexico, Sergio Saldivar was eager to provide an overview of the importance of this transaction to the company’s role in the Mexican oil and industry. According to him, the spectrum of opportunities is huge and one of the aspects that drove this acquisition was the importance of Foster Wheeler’s presence in Mexico. “Every strategic plan that I have seen from Amec reveals its objective of working with PEMEX as an immediate target while also highlighting ambitious plans to take on projects in Mexican oil and gas industry as a whole in two to three years’ time. Given that we know that we cannot tackle everything, we have to focus on our strengths and we see a lot of opportunities in building a very strong relationship with the new PEMEX, which is now very eager to be competitive. The new face of the company will be completely different by 2016 and into 2017 and our strategy is to become among the top EPC contractors in the Mexican oil and gas industry.”
Foster Wheeler Mexico’s operations have really geared towards the downstream segment over the past years according to Saldivar. As of recently, the company was awarded a contract for an ultra-low sulfur diesel project by PEMEX Refining for the Salina Cruz refinery. The scope of this contract includes the revamp of four diesel hydrodesulfurization units, sulfur recovery and sour water stripping, as well as upgrades to the utilities and offsites facilities. However, and beyond the fact that the company is very well-positioned in the country’s downstream developments, Saldivar is confident that Amec Foster Wheeler will definitely enhance the firm’s local capabilities with a global footprint to take on a wide array of post-Reform ventures. Amec’s definite expertise in deepwater developments combined with Foster Wheeler’s experience in US’ shale plays may also be a route that the new giant will pursue in the near future as the Energy Reform unfolds. “We see room for opportunity to work with the new players coming in and leveraging on our business relationships with these through Foster Wheeler’s and Amec’s international upstream portfolios. Foster Wheeler has had some very successful stories in US’ shale plays over the past two to three years and Amec brings big time expertise in the deepwater segment. By having collaboration agreements in other parts of the world with the players that will be coming into the Mexican oil and gas industry or that are already here and will be developing investments over the coming years, Amec Foster Wheeler is at an advantage when compared to other companies in the country’s reformed oil and gas sector.”
This coming November 24th Amec Foster Wheeler will hold a townhall meeting with the company’s executives which will primarily focus on presenting the new opportunities that the company is taking on in order to consolidate its role in the country’s reformed playground. “We are aware that there we have strong competitors in this market, nonetheless, I believe that they are definitely aware of the combined capabilities that Amec Foster Wheeler is bringing to the Mexican oil and gas industry; I think that this move was a big surprise for our rivals here. All in all, we will talk about how Mexico fits in to Amec Foster Wheeler’s global portfolio and our priorities at the moment are to execute the projects that we are currently involved in while keeping our eyes open to emerging opportunities,” Saldivar reveals.
For more information regarding the acquisition, please visit: http://www.amecfw.com/