Foster Wheeler-Led JV Wins Saudi Aramco Khurais EPC Contract

Hamilton, Bermuda, OH - Foster Wheeler Ltd. announced recently that a joint venture led by Foster Wheeler Energy Limited, part of the Global Engineering and Construction Group, with Korea's Hyundai Engineering and Construction Co., Ltd., has been awarded a lump-sum turnkey engineering, procurement and construction contract by Saudi Aramco for the Khurais Gas Facility, part of the Khurais Central Processing Facility in the Kingdom of Saudi Arabia. The Foster Wheeler contract value was not disclosed and will be included in the company's third-quarter 2006 bookings.

The Khurais Gas Facility is one of the main contract packages that make up the Khurais Crude Increment Program, which aims to deliver 1.2 million barrels per day (b/d) of Arabian light crude by 2009. This program is developed under Saudi Aramco's expansion program aimed at increasing oil production by the end of the decade and is said to be one of the most important oil projects in the world.

The Khurais Crude Increment Program covers three oil fields: Khurais, Abu Jifan and Mazlij. The Khurais Gas Facility will be designed to process the sour associated gas produced from the three oilfields into a natural gas liquid product and a dry, single-phase sour shipping gas. The plant will process a total of 563 million standard cubic feet per day of sour associated gas and 70,000 b/d of hydrocarbon condensate.

SOURCE: Foster Wheeler Ltd.