Louisiana LNG engineering contract for Foster Wheeler

Source: Foster Wheeler

Foster Wheeler AG (NASDAQ: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an owner’s engineer contract for a new LNG liquefaction project to be located in Hackberry, Louisiana, by Cameron LNG LLC, an affiliate of Sempra Energy, planned to export up to 12 million tons per annum of LNG.

The Foster Wheeler contract value for this project was not disclosed, and an initial booking was included in the company’s fourth-quarter 2011 bookings, with the main releases of work expected to follow in 2012.

Foster Wheeler’s scope of work includes technical assistance for project development, the execution of front-end engineering to support permit applications to the U.S. Federal Energy Regulatory Commission, development of technical specifications and invitation to bid packages for engineering, procurement and construction activities, and technical reviews. The work will also include integration with existing Cameron LNG facilities and may include additional scopes of work as the project develops.

“We are pleased that Cameron LNG has selected Foster Wheeler to fulfill the role of owner’s engineer up to the EPC phase of the project,” said Umberto della Sala, Chief Operating Officer of Foster Wheeler AG. “With our proven track record of executing safe, successful LNG liquefaction projects, we are well positioned to respond to opportunities provided by the drive to monetize gas resources in the U.S. market.”

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 talented 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, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world 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. The company is based in Zug, Switzerland, and its operational headquarters office is in Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.


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