WARRINGTON oil, gas and mining engineer AMEC reported yesterday that since July 1 it had been awarded contracts with an aggregate value in excess of more than £700m.
And it added it was confident of delivering a margin in excess of 6.5% this year as it saw continued strength in demand for its services.
AMEC said its natural resources order book was up 12% this year.
It said demand for its services in the energy, power, and power industry sectors had remained strong.
In a statement it said: “Despite extreme volatility in financial, raw materials and currency markets, the aggregate order book impact of contract deferral or cancellation across the group during the year to date has been insignificant.”
AMEC said it had benefited because its clients, which include international and state-owned natural resources companies, power generators and utilities, are well financed and their spending plans reflected the need to invest in new sources of supply, as well as in maintaining existing assets.
