Foster Wheeler Signs Services Agreement with Valero Refinery in the UK

abarrelfull wrote on 26 Mar 2013 20:03
Tags: engineering europe foster-wheeler refinery uk valero

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Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has signed an evergreen agreement with Valero Energy Ltd (Valero) for the provision of home office engineering and project support services to Valero’s Pembroke Refinery and other facilities in the UK.

The terms of the agreement were not disclosed and bookings will be recorded as work is released by Valero.

Foster Wheeler will provide home office front-end engineering design and detailed engineering design services to support new development and modification projects at the Pembroke Refinery and other facilities. Foster Wheeler will also provide other support services including project control and cost estimating. Valero acquired the Pembroke refinery in 2011.

“We know this refinery well, having executed projects for the refinery since the 1980s,” said Umberto della Sala, President and Chief Operating Officer of Foster Wheeler AG. “The combination of our knowledge of the refinery, together with our in-depth refining expertise, particularly in revamp projects, and our flexible and responsive team, give us an excellent opportunity to build a strong, long-term relationship in the UK with Valero. We have already successfully executed projects for Valero elsewhere, particularly in the US.”

• Foster Wheeler Signs Services Agreement with Valero Refinery in the UK

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