Foster Wheeler awarded contract by Discovery Gas Transmission for services in the Gulf of Mexico

Source: Foster Wheeler AG

Foster Wheeler AG (Nasdaq: FWLT) announced today that Foster Wheeler Upstream, part of its Global Engineering and Construction Group, has been awarded a contract by Discovery Gas Transmission, LLC to provide design, engineering and technical services for a junction platform, facilities and associated pipelines within the Discovery System at South Timbalier 283, in the Gulf of Mexico.

The Foster Wheeler contract value, which was not disclosed, will be included in the company’s fourth-quarter 2011 bookings.

The platform, located in approximately 350 feet of water, will be a four-pile structure with a two-level deck. It will be designed as an unmanned structure with a control system designed to shut down the facility in the event of an upset condition. The new infrastructure will enable the existing Discovery pipeline to operate at a higher pressure, both before and after the connection of the new Keathley Canyon pipeline.

“This project gives us an opportunity to fully showcase our wide range of capabilities and will build on our track record for delivering complex offshore projects in the Gulf of Mexico,” said Clive Vaughan, Chief Executive Officer, Foster Wheeler Upstream.

Williams Partners L.P. (NYSE: WPZ) owns 60 percent of the Discovery system and operates it. DCP Midstream Partners, LP (NYSE: DPM) owns 40 percent of the system.



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