By OGJ editors
HOUSTON, May 1 -- A new joint venture company, Sigma 3 (North Sea) Ltd., has signed a 7-year contract worth £750 million to support Shell UK Exploration & Production (Shell Expro).
AMEC PLC, Wood Group Engineering (North Sea), and Halliburton Co's engineering unit KBR jointly formed Sigma 3 to provide integrated services following discussions last year between Shell Expro and the three contractors about consolidating services.
Shell Expro operates in the UK North Sea on behalf of Shell and ExxonMobil Corp. subsidiary Esso.
More than 1,400 people will work on behalf of Sigma 3, which will support Shell Expro's four main asset clusters in the North Sea.
Mark Carne, Shell Expro asset director, said, "We believe that by combining the strength of these contractor companies in Sigma 3, we will be able to take further strides forward in safety, production, and cost-competitiveness."