Foster Wheeler Awarded EPCm Contract by TOTAL for Hydrodesulfurization Unit Revamp in Belgium

Foster Wheeler AG FWLT announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) services contract by TOTAL Raffinage-Chimie for the revamp of a hydrodesulfurization unit at TOTAL's refinery in Antwerp, Belgium. Foster Wheeler has received a full notice to proceed on this contract, for which the contract value was not disclosed. The value of engineering and procurement services will be included in the company's first-quarter 2012 bookings. Construction management services are expected to be included in the company's third-quarter 2012 bookings upon agreement of the full scope of the services to be provided by Foster Wheeler.