Foster Wheeler Awarded Saudi Contract To Develop New Gas Program

abarrelfullabarrelfull wrote on 11 Dec 2014 14:16

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Jan. 4, 2000

Foster Wheeler Corporation (NYSE:FWC) said today that its U.K. subsidiary, Foster Wheeler Energy Limited (FWEL), has been awarded a contract by Saudi Aramco related to the development of the new gas program in the region of Haradh, Eastern Province, Saudi Arabia.

FWEL is to develop overall project management, preliminary engineering, essential procurement, construction management and other services up to plant acceptance for Saudi Aramco's Haradh gas program by the year 2004. Foster Wheeler brings a wealth of expertise and management to the contract, having recently worked on the development of Saudi Aramco's Rabigh refinery project in Saudi Arabia.

Through existing and new gas pipelines, the new gas plant at Haradh will increase supply throughout the Kingdom of Saudi Arabia. It is estimated that 1.4 billion scfd of gas will be produced during the first year of production. The facilities will also produce condensate and solid sulfur.

Mohamed Nanji, project director, Foster Wheeler Energy Limited said, "We are extremely delighted to be working again with Saudi Aramco and are happy that they have entrusted Foster Wheeler with yet another major investment program. Although the schedule is challenging, we are confident that we can exceed the requirements set by Saudi Aramco."

The contracts, one for Out of Kingdom services and the other for In Kingdom support activities, were signed on November 15 and December 1, 1999 respectively.

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