Foster Wheeler wins Saudi contract
Zug (Switzerland), February 13, 2012
Foster Wheeler said the subsidiaries of its Global Engineering and Construction Group have won a contract to develop a Propylene Oxide unit at Jubail industrial city in Saudi Arabia.
The engineering, procurement and construction management (EPCm) contract was awarded by Aramco Overseas Company (AOC), a subsidiary of Saudi Aramco, and Dow Europe Holding for its Saudi-based venture Sadara Chemical Company.
This unit will be part of a world-scale, fully integrated chemicals complex, said to be one of the largest of its kind in the world, which will be constructed, owned and operated by Sadara.
The deal has been awarded as an extension to the front-end engineering design (Feed) contract given to Foster Wheeler by AOC and Dow in 2008.
Foster Wheeler did not disclose the exact contract value for the project, but said it will be included in the company’s fourth-quarter 2011 bookings.
The world-scale unit is expected to be completed during the first quarter of 2015, said a top official.
“A key factor in this win was the outstanding Foster Wheeler performance delivered on previous work for Saudi Aramco and Dow,” remarked Umberto della Sala, chief operating officer of Foster Wheeler.
'First, we received an excellent performance rating from both clients for the significant Feed work that we carried out for the new Jubail complex. Second, we recently completed a new propylene oxide facility in Thailand for the Dow-Siam Cement Group joint venture,' he added.-TradeArabia News Service