Honeywell UOP/Foster Wheeler Technology Selected for Oman Refinery Expansion

ZUG, SWITZERLAND--(BUSINESS WIRE)-- Foster Wheeler AG (NASDAQ: FWLT) announced today that its Global Engineering and Construction Group, through a collaborative agreement with Honeywell’s UOP, was recently awarded a contract by Oman Refineries and Petrochemicals Co. (Orpic). UOP/Foster Wheeler will provide a basic engineering design package for a solvent deasphalting (SDA) unit at the Sohar Refinery in Oman.

The SDA unit is a major part of the Sohar Refinery Expansion Project which will significantly increase the refinery’s production of petroleum products such as LPG, naphtha, Jet A-1 fuel, gasoline, diesel and propylene. The SDA unit will be designed to process 2.5 million metric tonnes per annum of vacuum residue of Oman Export Blend crude to produce Deasphalted Oil (DAO) and asphalt for road bitumen production.

“We are very pleased that Orpic has selected UOP/Foster Wheeler technology for this strategically important refinery project in the Middle East,” said Umberto della Sala, Interim Chief Executive Officer, Foster Wheeler AG. “This latest award constitutes a strong vote of confidence in the added value we deliver in heavy oil processing and continues our successful record in licensing large SDA Units.”

The SDA Unit is expected to be on stream in 2015. The terms of the contract were not disclosed. The contract value was included in the company’s second-quarter bookings for 2011.

Foster Wheeler AG is a global engineering and construction contractor 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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Source: Foster Wheeler AG