Foster Wheeler Awarded Pmc Contract For The Apache Khalda Qasr Compression Project In Egypt

<p><location value="LS/ch.zg" idsrc="xmltag.org">ZUG, Switzerland</location>--(BUSINESS WIRE)-- <org value="NASDAQ-NMS:FWLT" idsrc="xmltag.org">Foster Wheeler AG</org> (Nasdaq: FWLT) announced today that a subsidiary of its <org>Global Engineering and Construction Group</org> has received a contract from <org>Apache Khalda Corporation</org> for the provision of project management consultancy (PMC) services to oversee the front-end engineering design (FEED) for the <org>Qasr Compression Project</org> in <location value="LC/eg" idsrc="xmltag.org">Egypt</location>.<b></b><org>The Qasr Compression Project</org> will provide additional compression to the existing facilities at the Qasr gas condensate field, in the Western Desert, approximately 525km west of <location value="LU/eg..cairo" idsrc="xmltag.org">Cairo</location>. </p><p> The Foster Wheeler contract value for this project was not disclosed and will be included in the company’s third-quarter 2011 bookings. </p><p> Foster Wheeler will provide expertise and personnel to assist Apache Khalda in the management and administration of the FEED phase of the project. The FEED is expected to be completed at the end of 2011. </p><p><org value="NASDAQ-NMS:FWLT" idsrc="xmltag.org">Foster Wheeler AG</org> 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 <org>Global Engineering and Construction Group</org> 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 <org>Global Power Group</org> 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 <location value="LS/ch.zg" idsrc="xmltag.org">Zug, Switzerland</location>, and its operational headquarters office is in <location value="LU/ch..geneva" idsrc="xmltag.org">Geneva, Switzerland</location>. For more information about Foster Wheeler, please visit our Web site at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.fwc.com&esheet=50016083&lan=en-US&anchor=www.fwc.com&index=1&md5=cb0a84df58fb635606a47cb14fee519e">www.fwc.com</a>. </p><p><i><b>Safe Harbor Statement</b></i></p><p><org value="NASDAQ-NMS:FWLT" idsrc="xmltag.org">Foster Wheeler AG</org> news releases may contain forward-looking statements that are based on management’s assumptions, expectations and projections about the Company and the various industries within which the Company operates. These include statements regarding the Company’s expectations about revenues (including as expressed by its backlog), its liquidity, the outcome of litigation and legal proceedings and recoveries from customers for claims and the costs of current and future asbestos claims and the amount and timing of related insurance recoveries. 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You are advised, however, to consult any additional disclosures the Company makes in proxy statements, quarterly reports on Form 10-Q, annual reports on Form 10-K and current reports on Form 8-K filed with the <org>Securities and Exchange Commission</org>. </p><p></p><p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20111004005375r1&sid=acqr4&distro=nx" /><span class="bwct31415" /></p><p><b><org value="NASDAQ-NMS:FWLT" idsrc="xmltag.org">Foster Wheeler AG</org></b><br /><b>Media</b><br /><i><b><location value="LC/us" idsrc="xmltag.org">United States</location></b></i><br /><person>Julie Stanisz</person>, 908-730-4047<br /><a href="mailto:[email protected]">[email protected]</a><br />or<br /><i><b><location value="LC/gb" idsrc="xmltag.org">United Kingdom</location></b></i><br /><person>Anne Chong</person>, +44 (0) 118 913 2106<br /><a href="mailto:[email protected]">[email protected]</a><br />or<br /><b>Investor Relations</b><br /><person>Scott Lamb</person>, 908-730-4155<br /><a href="mailto:[email protected]">[email protected]</a><br /><i>or</i><br /><b>Other Inquiries</b><br />908-730-4000<br /><a href="mailto:[email protected]">[email protected]</a></p><p></p><p>Source: <org value="NASDAQ-NMS:FWLT" idsrc="xmltag.org">Foster Wheeler AG</org></p>