UAE: Foster Wheeler wins contract

Foster Wheeler International Corp (Abu Dhabi branch) has been awarded the front-end engineering design (FEED) by the Abu Dhabi Company for Onshore Oil Operations (ADCO) for the Sahil, Asab and Shah (SAS) oilfield development project in the United Arab Emirates. The Foster Wheeler contract value was not disclosed and will be included in the company’s third-quarter 2006 bookings. ADCO plans to undertake the full field development of the SAS maturing fields not only to increase production, but also to enhance the environmental aspects of the fields and to provide adequate facilities for their operations. Foster Wheeler’s UK operations will execute the FEED and will update the basis of design, develop the technical data, specifications and requisitions and provide a detailed cost estimate in order to define the engineering, procurement and construction (EPC) scope of work to enable an invitation to bid for the EPC phase to be prepared and issued. Foster Wheeler will also prepare material requisitions for long lead items and obtain estimated prices from vendors. The FEED is scheduled for completion in mid-2007, after which an EPC contractor will be appointed by ADCO. Commissioning of the project is expected in 2010.
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