Foster Wheeler wins Kuwait refinery upgrade deal
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 refineries.
The Foster Wheeler scope revenue value of the contract is $500 million and will be included in the companys fourth-quarter 2012 bookings.
KNPCs clean 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 testing.
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 commissioning.
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