July 28, 2008
Foster Wheeler Wins Feed for Grassroots Refinery and Petrochemicals Complex in Vietnam
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.
Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the upstream oil and gas, LNG and gas-to-liquids, refining, petrochemicals, chemicals, power, pharmaceuticals, biotechnology and healthcare industries. The company is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.
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