Foster Wheeler Wins Feed for Grassroots Refinery and Petrochemicals Complex in Vietnam

abarrelfullabarrelfull wrote on 15 Jan 2013 12:26

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July 28, 2008

Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that its UK-headquartered subsidiary Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, has been awarded a contract by Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP LLC) for the planned Nghi Son Refinery, which will be Vietnam's second refinery. NSRP LLC is a joint venture company comprising PetroVietnam and its international partners.

The Foster Wheeler contract value for this project was not disclosed, and will be included in the company's third-quarter 2008 bookings.

Foster Wheeler will execute the pre-front-end engineering design (pre-FEED) followed by the FEED for this new complex, which will include a 10 million tonnes per annum refinery and a petrochemical complex. The FEED phase is expected to be completed during the fourth quarter of 2009.

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