Foster Wheeler Wins Oil Refinery Feasibility Study in Uganda
Foster Wheeler AG announced today that its Global Engineering and Construction Group has been awarded a contract by The Government of the Republic of Uganda to undertake a feasibility study for the development of an oil refinery with a capacity of up to 150,000 barrels per day in Uganda.
The Foster Wheeler contract value for this project was not disclosed and will be included in the company's fourth-quarter 2009 bookings.
Foster Wheeler's scope of work will include the development of the location and configuration of the planned refinery, which will process Ugandan crude. The study, which is scheduled for completion in mid-2010, will also include the assessment of options for the development of the oilfield, crude transportation, and an evaluation of the relative economics of developing the new refinery versus alternative options, including pipelines, for exporting the crude oil.
"We are pleased to be involved in the first oil refinery project in Uganda. Our proven track record in objectively evaluating a wide range of options for upstream oil and gas field development and for attaining the optimum configuration for grassroots refineries, together with our expertise in projects in remote locations, mean we are ideally positioned to help the Ugandans achieve a viable, realistic plan for implementing this important project," said Umberto della Sala, president and chief operating officer, Foster Wheeler AG.
"This process attracted 35 companies which expressed interest in undertaking the study. Out of these, six were contacted to submit their proposals and the proposal of Foster Wheeler was considered the best," said Fredrik Kabagambe-Kaliisa, the Energy and Mineral Development Permanent Secretary for the Ugandan Government.
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 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.
Published 02/02/2010
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