Foster Wheeler Awarded EPCm Contract by Engen in South Africa

abarrelfullabarrelfull wrote on 24 Aug 2011 05:31
Tags: engen foster-wheeler refinery south-africa

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Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Engen Petroleum Limited (Engen) for engineering, procurement and construction management (EPCm) services for Engen's new multi-products pipeline feeder lines and infrastructure project at Engen's Durban Refinery in South Africa.

The Foster Wheeler contract value for this project was not disclosed and was included in the company's second-quarter 2011 bookings.

The objective of this project is to develop the pipeline network from Engen's depots to tie in to the Transnet pipeline in order to enhance Engen's access to key refined product markets in the South African interior. Transnet is the principal operator of South Africa's fuel pipeline system.

"We are pleased that Engen has selected Foster Wheeler for this project, our largest win with Engen to date," said Umberto della Sala, Interim Chief Executive Officer, Foster Wheeler AG. "This win reflects Engen's confidence in our EPCm project execution capability and track record in South Africa, which is a market in which we plan to continue to grow, leveraging our strong execution center in the country."

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