Foster Wheeler Awarded Saudi Aramco Contract
Posted: 11 July 2005
Foster Wheeler Ltd announced that its UK subsidiary Foster Wheeler Energy
Limited has been awarded a front-end engineering (FEED) and project
management services contract by Saudi Aramco for the Khurais
full-field development in Saudi Arabia .
This onshore crude increment
program aims to deliver 1.2 million barrels per day (b/d) of Arabian
light crude by 2009. It is the largest of several projects to be
developed under Saudi Aramco's expansion program aimed at increasing
oil production capacity to 12.5 million b/d by the end of the decade.
The terms of the contract were not disclosed and the project will
be included in Foster Wheeler's second-quarter bookings.
 "Foster Wheeler is delighted to be awarded this contract by Saudi
Aramco and is proud to be involved in what is one of most important
oil projects in the world today," said Steve Davies, chairman and
chief executive officer of Foster Wheeler Energy Limited. "This award
confirms Saudi Aramco's confidence in our ability to meet their
objectives for this project, based on our proven performance on its
previous major oil and gas developments, such as Haradh and Qatif.
We
have consistently met or exceeded Saudi Aramco's safety, quality,
schedule and cost targets and are fully committed to delivering the
same outstanding performance on the fast-track Khurais project."
"Foster Wheeler was the obvious choice for this work based on its
previous experience on the Haradh and Qatif projects and its ability
to meet the fast-track schedule with the required quality of
personnel," commented Salman Al-Aradi, manager, Khurais Pr oducing
Facilities Pr ojects Dept., Saudi Aramco.
Foster Wheeler's scope of work includes a grassroots central
processing facility at Khurais, upgrade of support facilities at the
Ju'aymah gas plant, inter-field pipelines, utilities and product
handling/storage/infrastructure and support facilities. Foster Wheeler
will validate the work undertaken to date and will provide overall
project management and engineering services for the central processing
facility, including certain procurement and construction management
services.
Posted by Editor Pipeline Magazine
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