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Foster Wheeler Awarded Contract for Petrochemicals Complex Expansion in Saudi Arabia

Source: www.gulfoilandgas.com 9/16/2004, Location: Middle East

Foster Wheeler Ltd. announced that its UK subsidiary Foster Wheeler Energy Limited has been awarded a program management services contract by Eastern Petrochemical Company (SHARQ) for the expansion of SHARQ's existing petrochemicals complex known as the SHARQ 3rd Expansion Project to be located at Jubail Industrial City, Jubail, Kingdom of Saudi Arabia. SHARQ is a joint venture between Saudi Basic Industries Corporation (SABIC) and Saudi Petrochemical Development Corp. The terms of the award were not disclosed. The project will be included in third-quarter bookings.

"We are delighted to be involved in this major investment program to be undertaken by Eastern Petrochemical Company," said Steve Davies, chairman and chief executive officer, Foster Wheeler Energy Limited. "This is yet another significant win for Foster Wheeler and continues our recent success for similar work with our clients in the Kingdom. We are already working as project management consultant with SABIC for its new grassroots petrochemicals facility to be built at Yanbu Industrial City. This award further underscores the quality of our technical and project management expertise and demonstrates Foster Wheeler's competitiveness in the market- place."

"The selection of Foster Wheeler as Program Management Contractor underlines our developing relationship with Foster Wheeler," commented Mohammad Al-Jabri, president, Eastern Petrochemical Company. "We are confident that this project will benefit significantly from the similar work Foster Wheeler is executing for SABIC's Yanbu facility."

The expansion of the existing petrochemicals complex will include the following units: a grassroots 1,300 kilo tonnes per annum (kta) ethylene cracker, a 800 kta polyethylene plant, a 600 kta ethylene glycol plant and associated offsites and utilities.

Foster Wheeler's scope of work as Program Management Contractor (PMC) will include the preparation of front-end engineering design (FEED) and preparation and issue of invitations to bid for each of the process units, including bid evaluation and award recommendations for engineering, procurement and construction (EPC) contractors. Foster Wheeler will also manage all EPC contractors and provide the overall management, coordination and control of all phases of the program. Mechanical completion is expected in early 2008.


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