Foster Wheeler AG (Nasdaq:FWLT) announced today that subsidiaries of its Global Engineering and Construction Group have been awarded contracts by Saudi Aramco for the provision of engineering and project management services for the development of the Fadhili Gas Program in the Eastern Province of the Kingdom of Saudi Arabia.
The Foster Wheeler value of the contracts was not disclosed. The front-end engineering design (FEED) services were included in the company’s third-quarter 2013 bookings. The follow-on project management services will be booked upon release of that phase of the work by Saudi Aramco.
Foster Wheeler will execute the FEED for the grassroots Fadhili Gas Plant, which has a planned total processing capacity of 1.5 billion standard cubic feet per day (BSCFD) of non-associated gas. In addition to the gas plant, Foster Wheeler’s scope will also include the onshore Khursaniyah upstream facilities, the Fadhili downstream pipelines, a residential camp and industrial support facilities at the new gas plant. The new Fadhili Gas Plant will be built approximately 30 kilometers southwest of the existing Khursaniyah Gas Plant.
Foster Wheeler will also prepare cost estimates, undertake the procurement of long-lead equipment, undertake basic engineering design, and prepare the invitation to bid packages for the engineering, procurement and construction (EPC) contracts. Following the appointment of the EPC contractors, Foster Wheeler will provide project management services for the EPC phase.
“This award demonstrates the continued value that Saudi Aramco places on our technical expertise and our proven track record of delivering cost-effective and high quality services to support Saudi Aramco’s world-scale investments,” said Umberto della Sala, Chief Operating Officer of Foster Wheeler AG.
Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom.
