AMEC Acquires qedi

AMEC has acquired qedi, a market-leading project delivery company, focused on delivering specialist completion and commissioning services for major projects in the oil and gas industry.

Headquartered in Aberdeen, qedi employs more than 350 professionals who provide 'technical integrity' project delivery services to international oil companies (IOCs) in the UK, Gulf of Mexico, Middle East, the Caspian and Australia. Managing the technical integrity of the completion and commissioning phase is critical in ensuring any major project is delivered satisfactorily and the facility meets the operating criteria for which it was designed.

"This acquisition strengthens AMEC's project delivery capability across our key sectors, supports the Vision 2015 strategy, and reinforces AMEC's excellent track record through commissioning into operation," said Neil Bruce, Chief Operating Officer of AMEC. "Our capability, geographic coverage and customer relationships, combined with qedi's specialist technology and expertise, provide us with the ability to deliver integrity across the whole life-cycle of a project for our customers."

Stuart McLeod, Managing Director of qedi added, "I am delighted with this acquisition. It allows us to gain access to AMEC's global networks and customer relationships, retain our independent position and cement our market-leading position. We are already working with AMEC on a number of projects, which has made clear what a great opportunity this is for qedi, AMEC and our combined customer portfolio."

With international capital expenditure in the oil industry expected to rise by 12 percent in 2011 to over $360 billion, the acquisition of qedi will provide AMEC with the technical capability to provide specialist integrity services to major oil and gas customers throughout the life of their projects.


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