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Foster Wheeler wins ADCO contract

Abu Dhabi, May 4, 2010

Switzerland-based Foster Wheeler said its global engineering and construction group has been awarded a project management consultancy (PMC) contract by the Abu Dhabi Company for Onshore Oil Operations (ADCO).

The ADCO contract is for the Bab Field expansion and the development of the Qusahwira Field in the UAE, said a company statement.

Foster Wheeler's primary role as PMC will be to manage the engineering, procurement and construction (EPC) tendering and award process and the EPC execution phase on behalf of ADCO, it stated.

The contract value for the Bab Field expansion was included in the company's first-quarter 2010 bookings and the contract value for the development of the Qusahwira Field will be included in the company's second-quarter 2010 bookings, the statement added.

"Foster Wheeler looks forward to further developing our long-standing relationship with ADCO. We fully appreciate importance of this multi-field infrastructure project and will bring our in-depth upstream project expertise to ensure successful delivery of this key investment with minimum disruption to production from Bab and SAS (Sahil, Asab and Shah) hubs," said Umberto della Sala, president and COO, Foster Wheeler.

A global engineering and construction contractor and power equipment supplier, Foster Wheeler employs 13,000 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.

Its Global Power Group is a 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.-TradeArabia News Service




Tags: abu dhabi | Foster Wheeler | Adco | project management consultancy |

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