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Foster
Wheeler awarded oil sector program management contract In Iraq
Posted: 12 March 2004
Foster Wheeler Ltd announced its UK subsidiary, Foster Wheeler
Energy Limited, has been awarded the Oil Sector Program Management
Office (SPMO) support contract in Iraq by the U.S. Department of
Defense.
Foster Wheeler will provide dedicated program management and coordination
support for all design and construction activities being performed
for the Program Management Office (PMO) in this sector. The initial
value of the Foster Wheeler contract is $6.8 million, which covers
the first six months' services.
"We are delighted with news of the award," said Ian Bill,
chairman and chief executive of Foster Wheeler Energy Limited. "This
award reflects our world-class program management, engineering,
procurement and construction skills and our extensive experience
in the oil sector. We have a very successful track record in the
Middle East, especially in the reconstruction of Kuwait. Our involvement
with Iraq's oil sector began in the 1930s with the construction
of the first oil processing units at Kirkuk and has included the
development of the Daura and Basra facilities."
The contract is part of the international effort to restore the
damaged and neglected infrastructure of Iraq. It is one of six SPMO
contracts covering various sectors under the general oversight of
the Program Management Office established by the Coalition Provisional
Authority (CPA). The Iraq Program Management Office (PMO), part
of the Coalition Provisional Authority, manages the $18.4 billion
appropriated by the U.S. Congress to support the reconstruction
of Iraqi infrastructure. This office is responsible for all activities
associated with program, project, asset, construction and financial
management of that portion of the reconstruction effort undertaken
by the U.S. The goal of PMO, and the prime contractors who are selected,
is to maximize Iraqi capabilities, and to leave Iraq with the tools
and processes to continue the work begun under the Coalition Provisional
Authority. Part of the objective of the contract is, therefore,
to work with the Iraqi Ministry of Oil and to provide training to
Iraqi personnel.
Foster Wheeler Ltd. is a global company offering, through its subsidiaries,
a broad range of design, engineering, construction, manufacturing,
project development and management, research and plant operation
services. Foster Wheeler serves the refining, oil and gas, petrochemical,
chemicals, power, pharmaceuticals, biotechnology and healthcare
industries. The corporation is based in Hamilton, Bermuda, and its
operational headquarters are in Clinton, New Jersey, USA.
For more information see www.fwc.com.
Posted by Richard Price,
Editor Pipeline Magazine
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