Foster Wheeler Awarded FEED Contract by Aramco Overseas

Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Aramco Overseas Company B.V. (AOC) to perform the front-end engineering design (FEED) for a gas compression project that is part of AOC’s Master Gas System Expansion in Saudi Arabia.

The Foster Wheeler contract value was not disclosed and was included in the second-quarter 2013 bookings.

Foster Wheeler will be responsible for developing a FEED package on a fast-track basis, initially for two compressor stations. AOC plans to develop up to three additional compressor stations in a subsequent phase of this expansion.

"Foster Wheeler is very pleased to be awarded further work for Saudi Aramco," said Umberto della Sala, President and Chief Operating Officer of Foster Wheeler AG. "This latest win reflects our client’s confidence in our team, our performance track record on their projects and, in particular, our ability to execute a fast-track schedule."