Foster Wheeler Joint Venture with WorleyParsons Awarded Feed Contract for Pluto LNG Expansion
November 16 2009 - 8:15AM
Business Wire
Foster Wheeler AG (Nasdaq: FWLT) announced that a joint venture
of its Global Engineering and Construction Group, with partner
WorleyParsons Services Pty Ltd., has been awarded a front-end
engineering design (FEED) contract by Woodside for Train 2 and
Train 3 of the Pluto liquefied natural gas (LNG) Project in
Australia. The contract also includes an option for early EPCm
services.
The contract value for this award was not disclosed. Foster
Wheeler’s portion of the contract value will be included in the
company’s fourth-quarter 2009 bookings. The FEED is expected to be
completed in the second half of 2010.
Raymond J. Milchovich, chairman and chief executive officer of
Foster Wheeler, said, “We look forward to the successful completion
of the Pluto foundation project and to the next phase of work on
Trains 2 and 3. At the same time, we recognize and support the
commercial strategy of Woodside, which has chosen to award dual
competing FEEDs for the Pluto expansion. Given our understanding of
the project and our technical expertise, we are confident in our
ability to deliver a FEED that meets or exceeds the client’s
expectations.”
John Grill, chief executive officer of WorleyParsons, said, “We
are delighted that, once again, Woodside has chosen the joint
venture of Foster Wheeler and WorleyParsons to play a pivotal role
in its strategic objective of expanding world-scale LNG
operations. ”
Foster Wheeler AG is a global engineering and construction
contractor and power equipment supplier delivering technically
advanced, reliable facilities and equipment. The company employs
over 14,000 talented professionals with specialized expertise
dedicated to serving its clients through one of its two primary
business groups. The company’s Global Engineering and Construction
Group designs and constructs leading-edge processing facilities for
the upstream oil and gas, LNG and gas-to-liquids, refining,
chemicals and petrochemicals, power, environmental,
pharmaceuticals, biotechnology and healthcare industries. The
company’s Global Power Group is a world leader in combustion and
steam generation technology that designs, manufactures and erects
steam generating and auxiliary equipment for power stations and
industrial facilities and also provides a wide range of aftermarket
services. The company is based in Zug, Switzerland, 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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and Exchange Commission.
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