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Foster Wheeler unit awarded FEED contract, value not disclosed

Foster Wheeler announced that subsidiaries of its Global Engineering and Construction Group have been awarded contracts for the front-end engineering design for Saudi Aramco’s Khurais Arabian Light Crude Increment Program in Saudi Arabia. The Foster Wheeler contract value was not disclosed and was included in the company’s 2Q13 bookings. The objective of the Khurais Increment Program is to increase production capacity at the Khurais Central Processing Facilities by 300K barrels of oil per calendar day from its current capacity of 1.2M BPCD, as well as to enhance production from the Mazalij and Abu Jifan fields by installation of a satellite Gas Oil Separation Plant. Foster Wheeler will be responsible for the FEED, equipment and material specifications, development of a cost estimate, and procurement assistance for long-lead items. The FEED is expected to be completed during 2Q14.