Gulf Oil and Gas accountACCOUNT

Foster Wheeler Awarded Front-End Engineering Design and Management Contracts in Qatar

Source: www.gulfoilandgas.com 10/8/2007, Location: Middle East

Foster Wheeler Ltd. announced that two subsidiaries in its Global Engineering and Construction Group have been awarded contracts by Qatar Intermediate Industries Holding Co. Ltd. (Qatar Holding), a fully owned subsidiary of Qatar Petroleum, to execute the front-end engineering design (FEED) and to provide project management and construction management (PMCM) services for a new grassroots petrochemical complex to be located at Mesaieed in Qatar. Qatar Holding is in the process of establishing a joint venture company for this project with Honam Petrochemical Corporation of Korea. In addition to the usual FEED scope, Foster Wheeler’s work also includes the procurement of longlead items.

The Foster Wheeler FEED contract value, which was not disclosed, will be included in the company’s third-quarter 2007 bookings. A portion of the PMCM contract relating to services to be provided up to award of engineering, procurement and construction contracts, will be booked in the fourth quarter of 2007 with the remainder being booked at a later date.

The new complex will include world-scale olefins and aromatics units, which will supply ethylene, propylene and benzene to the downstream polypropylene, ethylbenzene, styrene monomer and polystyrene facilities. The complex, which will also include ethylene-to-propylene conversion units, is scheduled for completion in 2011.

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Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


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