Foster Wheeler Awarded FEED for Manifa Project

Foster Wheeler Ltd's two subsidiaries in its Global Engineering and Construction Group, Foster Wheeler Energy Limited and Foster Wheeler Arabia Limited, have been awarded a front-end engineering design (FEED) and project management services contract by Saudi Aramco for the Manifa Arabian Heavy Crude Program, in the Kingdom of Saudi Arabia.

The Manifa Arabian Heavy Crude Program, planned for mid-2011 completion, includes the development of the giant offshore Manifa oilfield and the construction of gas-oil separation plants and crude stabilization units and separators. These additions will handle 900,000 barrels per day of Arabian heavy crude, plus sour associated gas, condensate and produced water. The project also includes the expansion of the Khursaniyah Gas Plant to process the associated sour gas. Completion of the FEED is planned for the third quarter of 2007.

Foster Wheeler's scope includes:

•    The FEED for the onshore central processing facility, and the expansion of gas
     facilities at Khursaniyah;
•    Detailed design support;
•    Purchasing assistance for long-lead items;
•    Coordination of the FEED development work performed by others for other elements
     of the Program, including the offshore facilities; and
•    Development of the bid package for the invitation to bid for engineering, procurement
     and construction of the onshore facilities.

"We are pleased that Saudi Aramco has entrusted Foster Wheeler with another of its major developments," said Steve Davies, chairman and chief executive officer of Foster Wheeler Energy Limited. "The upstream oil and gas sector and our excellent, long-standing relationship with Saudi Aramco are both strategically important for us. We are committed to delivering another high quality project which meets or exceeds all of Saudi Aramco's expectations."

"Providing the world with a reliable supply of energy is one of Saudi Aramco's core objectives, and the Manifa project's 900,000 barrels per day of production capacity is an important part of that," said Mohammad A. Al-Juwair, Saudi Aramco's acting executive director of Project Management. "Saudi Aramco is committed to the timely completion of this massive project," he added, "and we are confident that working with Foster Wheeler will help us meet our ambitious timeline."

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Posted 03/11/06

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