Foster Wheeler Awarded Contract for EPC Phase of Major Condensate Refinery Upgrade in UAE

abarrelfull wrote on 08 Dec 2012 20:56
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Nov. 30, 2005

Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that one of its subsidiaries has received an engineering, procurement and construction management contract from ENOC Processing Company LLC (EPCL) for a major upgrade of EPCL's Jebel Ali gas condensate refinery in Dubai, United Arab Emirates. The project will be undertaken by Foster Wheeler Energy Limited in the UK. The terms of the award, which will be included in the company's fourth-quarter bookings, were not disclosed.

"We have been working with EPCL on this upgrade project for some time," said Steve Davies, chairman and chief executive officer of Foster Wheeler Energy Limited. "We have developed a strong working relationship with EPCL during the front-end engineering design phase when we examined the upgrade options, defined the optimum configuration and developed the cost estimate. With this award for the EPC phase, we are uniquely positioned to combine our detailed knowledge of the existing facility and planned upgrade, together with our proven EPC and refining expertise, to deliver a world-class facility for our client."

"We have been very pleased with the quality of the front-end design carried out by Foster Wheeler and the commitment shown by their team. We selected them for the EPC phase because of the quality of their team and their EPC and refining track record," commented Hussain Sultan, group chief executive, ENOC, and board member, EPCL. "We look forward to working together to deliver a successful project."

The upgrade of the existing 120,000 barrels per stream day (BPSD) gas condensate refinery will include a 70,000 BPSD liquefied petroleum gas/naphtha hydrotreater, a 36,000 BPSD crude catalytic reformer and ancillary processing units, plus associated new or revamped utilities and offsite facilities.

The new facilities will allow EPCL to i) upgrade its existing naphtha product to a low-sulfur petrochemical naphtha product stream, ii) provide a 102 RON (Research Octane Number) reformate product stream, and iii) operate the plant at full capacity using sour condensates. Other new products will include liquefied petroleum gas, butane and sulfur.

• Foster Wheeler Awarded Contract for EPC Phase of Major Condensate Refinery Upgrade in UAE

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