Foster Wheeler venture wins FEED work for Canada oil sands processing site
The project, located in northern Alberta, is expected to have an initial production capacity of 90,000 bpd over two phases and an estimated project life of up to 40 years. The project is currently under review by regulators, according to company officials. The contract value was not disclosed.
A joint venture comprised of Foster Wheeler and Three Streams Engineering was awarded the front-end engineering design (FEED) contract for Cenovus Energy's proposed Telephone Lake SAGD (steam-assisted gravity drainage) central processing facility phase A development, officials said on Thursday.
The project, located in northern Alberta, is expected to have an initial production capacity of 90,000 barrels per day (bbls/d) over two phases and an estimated project life of up to 40 years.
The proposal is currently under review by regulators.
The contract value for this project was not disclosed, said Foster Wheeler, which added that the booking will be included in fourth-quarter 2012 figures.
Our joint venture with Three Streams Engineering was formed specifically for the Telephone Lake project and brings together Three Streams Engineering's familiarity with Cenovus projects and our extensive experience in modularization and execution of engineering projects, said Umberto della Sala, chief operating officer of Foster Wheeler.
Our emphasis on efficient project implementation through modularization is expected to be an important component in the design. This joint venture expands upon our current and growing market focus in Canada.