Foster Wheeler Awarded EPC Contract by Sinclair Oil for Delayed Coker in U.S.

abarrelfullabarrelfull wrote on 26 Jan 2012 07:00

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Sep 11, 2006

Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that its subsidiary Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded a reimbursable engineering, procurement and construction (EPC) contract by Sinclair Oil Corporation for a 30,000 barrel per stream day (bpsd) delayed coker, gas plant and coke handling facilities at its refinery at Tulsa, Oklahoma, United States.

The new coker, which will use Foster Wheeler's Selective Yield Delayed Coking (SYDEC(SM)) process, will allow the refinery to process heavier crudes while maximizing the production of higher value products.

Terms of the award were not disclosed. The project was included in the company's second-quarter 2006 bookings.

"Foster Wheeler is delighted to be awarded this strategic project by Sinclair Oil," said Troy Roder, president and chief executive officer of Foster Wheeler USA Corporation. "This award increases our strong, diversified client base and reflects the quality and depth of our personnel and of our project execution expertise."

"Sinclair considers Foster Wheeler a leader in delayed coking technology and its execution approach fits with our plan to have the unit operational by 2009," added Paul Moote, Sinclair's vice president, Refinery Construction.

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