Foster Wheeler on Wednesday was awarded a project management
and consultancy (PMC) services contract by Kuwait National
Petroleum Company (KNPC) for its clean fuels
project at the Mina Al-Ahmadi and Mina Abdullah
The Foster Wheeler scope revenue value of the contract is
$500 million and will be included in the companys
fourth-quarter 2012 bookings.
fuels project is a major upgrade and expansion of the Mina Al-Ahmadi and
Mina Abdullah refineries to increase their combined throughput
by 264,000 bpd to 800,000 bpd. The objective is to increase
conversion of fuel oil to higher value products in order to
meet expected market demand and tighter specifications (1%) for
the sulfur content of transportation fuels.
Foster Wheelers scope of work includes the provision
of project management services during
the tendering phase for the main EPC contracts, and management
of the EPC contractors through to completion of performance
The project is expected to be completed during the second
quarter of 2018.
Foster Wheelers proven project management
capabilities, our experience in executing mega-projects, and
the breadth of our refining technical expertise were
critical factors in our success in winning this significant
award, said Umberto della Sala, chief operating officer
of Foster Wheeler.
The clean fuels project is a critical mega project that will shape the future
of Kuwaits refining capability while driving
the highest standards of commitment to the environment, added Fahed
Salem Al Ajmi, chairman and managing director for KNPC.
"KNPC and Foster Wheeler have enjoyed a long-standing business
association and we look forward to a true partnership in
bringing the [project] to its successful