Foster Wheeler Awarded PMC Contract by Petronas for Lube Base Oil Plant in Malaysia

abarrelfullabarrelfull wrote on 08 Dec 2012 11:00

Aug 16, 2004

Foster Wheeler Ltd. (OTCBB: FWLRF) announced today that a subsidiary of Foster Wheeler International Corporation, Foster Wheeler Malaysia Sdn Bhd, and the subsidiary's partner, OGP Technical Services Sdn Bhd, have been awarded a project management consultancy (PMC) contract by PETRONAS Penapisan (Melaka) Sdn Bhd (PP(M)SB) for the addition of a lube base oil plant at the PP(M)SB refinery at Melaka, Malaysia. The project will be included in third-quarter bookings.

This project will include a new plant and supporting facilities to produce various grades of lubricant oil. It will be integrated within the existing facilities and also includes modifications to the offsites and utility systems.

"This is a significant win for Foster Wheeler and reflects our long-standing relationship with PP(M)SB, having been the PMC for the major PSR-2 expansion over a decade ago," said Steve Davies, executive vice president of Foster Wheeler International Corporation. "Foster Wheeler, with its partner, OGP, is also the PMC for the current cogeneration project for PP(M)SB. The award also recognizes the competitive market position and the quality of services that Foster Wheeler is able to offer."

Under the scope of the contract, the PMC partners will undertake the basic engineering design (BED), develop cost estimates and prepare engineering, procurement and construction (EPC) bid packages. Following selection of the EPC contractor, the PMC partners will be responsible for the management of the activities of the EPC contractor through start-up of the new facilities.

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