Foster Wheeler Awarded PMC Contract for the Apache Khalda Qasr Compression Project in Egypt
October 04 2011 - 7:30AM
Business Wire
Foster Wheeler AG (Nasdaq: FWLT) announced today that a
subsidiary of its Global Engineering and Construction Group has
received a contract from Apache Khalda Corporation for the
provision of project management consultancy (PMC) services to
oversee the front-end engineering design (FEED) for the Qasr
Compression Project in Egypt. The Qasr Compression Project will
provide additional compression to the existing facilities at the
Qasr gas condensate field, in the Western Desert, approximately
525km west of Cairo.
The Foster Wheeler contract value for this project was not
disclosed and will be included in the company’s third-quarter 2011
bookings.
Foster Wheeler will provide expertise and personnel to assist
Apache Khalda in the management and administration of the FEED
phase of the project. The FEED is expected to be completed at the
end of 2011.
Foster Wheeler AG is a global engineering and construction
contractor and power equipment supplier delivering technically
advanced, reliable facilities and equipment. The company employs
approximately 12,000 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, mining and metals,
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 office is in Geneva,
Switzerland. For more information about Foster Wheeler, please
visit our Web site at www.fwc.com.
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