Iraqi oil terminal success

Foster Wheeler Energy awarded contract for new export facilities

NEWS, Offshore, Services & Support

UK subsidiary firm Foster Wheeler Energy has been awarded a contract by Iraq’s South Oil Company for the engineering of new oil export facilities, to supplement the existing Al-Basra terminal in Iraq.

The new offshore facilities are said to include new single point mooring tanker loading buoys, as well as oil pumping, metering and pipelines, in order to achieve a capacity of 4.5 million barrels per day.

“We have been working with the South Oil Company and Iraq’s Ministry of Oil on the upgrading of these export facilities and we are very pleased to have been awarded this basic design contract,” said Michael J. Beaumont, chairman and chief executive officer, Foster Wheeler Energy Limited.

“We have a long and very successful track record in upstream oil and gas projects, based on our ability to add value and innovation during the concept and early design phases, and then reliably and safely deliver world-class projects in the engineering, procurement, construction and commissioning phase.”

The Foster Wheeler contract value for this project was not disclosed, and will be included in the company’s first-quarter 2009 bookings.


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