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Foster Wheeler and Consortium Partners Sign GES+ Contract with Saudi Aramco

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Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group together with the subsidiary's consortium partners comprising A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) and Saudi Consolidated Engineering Company - Khatib & Alami (SCEC K&A) have signed a contract with Saudi Aramco for the provision of services associated with Saudi Aramco's General Engineering Services Plus (GES+) initiative for a duration of five years with options available for extensions. The terms of the contract were not disclosed.

Under the terms of the contract, Foster Wheeler and its consortium partners will perform engineering and project management services including pre-front-end engineering design (pre-FEED), front-end engineering design (FEED), detailed design and procurement services for onshore/offshore oil and gas, refining, petrochemicals, and associated infrastructure projects in Saudi Arabia. The work will be executed from the offices of the consortium located in the city of Al-Khobar in the Kingdom of Saudi Arabia.

"The signing of this contract with Saudi Aramco will give Foster Wheeler and our partners the firm basis upon which to deliver world-class technical expertise and project execution locally, in line with Saudi Aramco's stated objective for work to be executed in country. We have a long and very successful track record in Saudi Arabia and an excellent relationship with Saudi Aramco. This latest award demonstrates our commitment to Saudi Arabia and our ability to deliver world-class services and expertise locally," said Umberto della Sala, interim chief executive officer, Foster Wheeler AG.

Published 07/03/2011

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Foster Wheeler AG (Nasdaq: FWLT) 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 specialised 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.

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