Foster Wheeler Awarded Contract by CEPSA for Fired Heaters in Spanish Refinery

abarrelfullabarrelfull wrote on 28 Sep 2012 20:26
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08/30/07

Foster Wheeler Ltd. (Nasdaq: FWLT) announced that its Spanish subsidiary, Foster Wheeler Iberia, S.A.U., part of its Global Engineering and Construction Group, has been awarded a contract by Compañía Española de Petróleos, S.A. (CEPSA), one of the main Spanish refining companies, for the design, material supply, construction, and erection of a new crude heater, a new vacuum heater and a combustion air preheater system for La Rábida Refinery in Huelva, Spain. The new heaters form part of a project CEPSA is undertaking to increase the refinery's production of middle distillates.

The Foster Wheeler contract value was not disclosed. The project was included in the company's second-quarter 2007 bookings.

This latest award follows the award to Foster Wheeler Iberia in the first quarter of 2007 of a contract for the detailed engineering of new crude, vacuum, and gas recovery units at the same refinery, which in turn had followed the company's successful completion of the front-end engineering design for these units. Mechanical completion of the two vertical cylindrical-type heaters and preheater system is scheduled for June 2009.

“We are very pleased with this latest award from CEPSA, which reflects our long track record and experience in the design of fired heaters for crude and vacuum units,” commented Jesús Cadenas, chief executive officer of Foster Wheeler Iberia, S.A.U. “The collaboration between CEPSA and our Fired Heater Division dates back to 1967, when we supplied the first fired heaters for CEPSA's Gibraltar-San Roque Refinery.”


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