Foster Wheeler Awarded Major Refinery Project in the Kingdom of Bahrain

abarrelfullabarrelfull wrote on 08 Dec 2012 21:01
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Sept. 28, 2005

Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that its Milan-based subsidiary Foster Wheeler Italiana S.p.A. has been awarded an engineering, procurement and construction (EPC) contract by The Bahrain Petroleum Company B.S.C. (BAPCO) for a refinery gas desulfurization (RGD) project at its refinery located near Sitra, on the east coast of the Kingdom of Bahrain. BAPCO is wholly owned by the Government of the Kingdom of Bahrain. The value of the lump-sum turnkey contract is approximately $112 million and it will be included in Foster Wheeler's third-quarter 2005 bookings.

The RGD project is one of a number of projects which form part of BAPCO's planned $1 billion refinery upgrading program. The purpose of the RGD project is to remove sulfur from the refinery gas streams, treat all sour water to meet government environmental legislation and meet hydrogen sulfide specifications for selected streams where required, to allow export of the LPG-rich streams.

"We are very pleased that BAPCO has demonstrated confidence in our ability to deliver a successful project," said Umberto della Sala, chief executive officer of Foster Wheeler's Global Engineering and Construction Group. "In addition, this award represents an opportunity for Foster Wheeler to further expand its presence in the Middle East countries and demonstrates our ability to compete on a lump-sum turnkey basis in the region."

The project includes the installation of several new grassroots process plants, including a 220 tonnes per day sulfur recovery unit, a tail gas treating unit, two sour water stripping units, an olefinic gas treatment unit and low flow-off gas streams treatment. Foster Wheeler will also revamp the existing Diethanolamine unit and provide interconnections between other process and utilities units and the new facilities. Completion of the RGD project is scheduled for the fourth quarter of 2007.


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