- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Nield Jonathan C.

2. Date of Event Requiring Statement (MM/DD/YYYY) 5/2/2011

3. Issuer Name and Ticker or Trading Symbol

FOSTER WHEELER AG [FWLT]

(Last) (First) (Middle)

C/O FOSTER WHEELER INC., 53 FRONTAGE ROAD

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
___ X ___ Officer (give title below) _____ Other (specify below)
VP - Project Risk Mgmt Grp /

(Street)

HAMPTON, NJ 08827

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Registered Shares	616.00	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Employee Stock Option (Right to Buy)	12/31/2008 ⁽¹⁾	12/31/2012 ⁽¹⁾	Common Registered Shares	2118	$65.62	D
Employee Stock Option (Right to Buy)	12/31/2010 ⁽²⁾	12/31/2014 ⁽²⁾	Common Registered Shares	2765	$31.96	D
Employee Stock Option (Right to Buy)	12/31/2009 ⁽³⁾	12/31/2013 ⁽³⁾	Common Registered Shares	1987	$21.43	D
Employee Stock Option (Right to Buy)	3/8/2012 ⁽⁴⁾	3/8/2018 ⁽⁴⁾	Common Registered Shares	2286	$35.20	D
Employee Stock Option (Right to Buy)	12/31/2008 ⁽¹⁾	12/31/2012 ⁽¹⁾	Common Registered Shares	1050	$67.55	D
Restricted Stock Units (Right to Acquire)	3/8/2012 ⁽⁵⁾	3/8/2014 ⁽⁵⁾	Common Registered Shares	1065	⁽⁶⁾	D
Restricted Stock Units (Right to Acquire)	12/31/2010 ⁽⁷⁾	12/31/2012 ⁽⁷⁾	Common Registered Shares	782	⁽⁶⁾	D
Restricted Stock Units (Right to Acquire)	12/31/2009 ⁽⁸⁾	12/31/2011 ⁽⁸⁾	Common Registered Shares	439	⁽⁶⁾	D

Explanation of Responses:
( 1)	Granted pursuant to Foster Wheeler Omnibus Incentive Plan. Options vest as to one-third of the shares on December 31, 2008, one-third of the shares on December 31, 2009, and the remaining one-third of the shares on December 31, 2010.
( 2)	Granted pursuant to Foster Wheeler AG Omnibus Incentive Plan. Options vest as to one-third of the shares on December 31, 2010, one-third of the shares on December 31, 2011, and the remaining one-third of the shares on December 31, 2012.
( 3)	Granted pursuant to Foster Wheeler Omnibus Incentive Plan. Options vest as to one-third of the shares on December 31, 2009, one-third of the shares on December 31, 2010, and the remaining one-third of the shares on December 31, 2011.
( 4)	Granted pursuant to Foster Wheeler AG Omnibus Incentive Plan. Options vest as to one-third of the shares on March 8, 2012, one-third of the shares on March 8, 2013, and the remaining one-third of the shares on March 8, 2014.
( 5)	Granted pursuant to Foster Wheeler AG Omnibus Incentive Plan. The restricted stock units vest as to one-third of the shares on March 8, 2012, one-third of the shares on March 8, 2013, and the remaining one-third of the shares on March 8, 2014. Upon vesting, registered shares will be issued on a one-for-one basis.
( 6)	1-for-1
( 7)	Granted pursuant to Foster Wheeler AG Omnibus Incentive Plan. The restricted stock units vest as to one-third of the shares on December 31, 2010, one-third of the shares on December 31, 2011, and the remaining one-third of the shares on December 31, 2012. Upon vesting, registered shares will be issued on a one-for-one basis.
( 8)	Granted pursuant to Foster Wheeler Omnibus Incentive Plan. The restricted stock units vest as to one-third of the shares on December 31, 2009, one-third of the shares on December 31, 2010, and the remaining one-third of the shares on December 31, 2011. Upon vesting, registered shares will be issued on a one-for-one basis.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Nield Jonathan C. C/O FOSTER WHEELER INC. 53 FRONTAGE ROAD HAMPTON, NJ 08827			VP - Project Risk Mgmt Grp

Signatures
/s/ John A. Doyle, Jr., by power of atty.		5/5/2011
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.