Foster Wheeler to help Statoil boost Snøhvit operational performance

Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Statoil Petroleum AS to perform a study for the Snøhvit Improvement Project 2 at Melkøya, 450 kilometers north of the Arctic Circle in Norway.

The Foster Wheeler contract value was not disclosed and will be included in the company’s fourth-quarter 2013 bookings.

Foster Wheeler will define long-term solutions to achieve the Snøhvit partnership’s objectives of increasing the operating performance of the LNG facility and increasing the capacity and feed gas flexibility of the plant. This concept study is scheduled for completion in the third quarter of 2014.

“We have been working with Statoil and its Snøhvit partners for more than five years,” said Roberto Penno, Chief Executive Officer of Foster Wheeler Global E&C Group. “We are pleased to have this opportunity to continue to add value for our client through the application of our LNG expertise and our brownfield experience to develop innovative technical and project execution approaches.”

 

Press Release, February 17, 2014

 

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