Foster Wheeler Awarded EPC Contract For ExxonMobil's Antwerp Refinery Upgrade In Belgium

Foster Wheeler AG

announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement, and construction (EPC) contract by ExxonMobil Petroleum & Chemical BVBA (“Esso”) for the Antwerp Northwest Europe Resid Upgrade Project – Revamp and Offsites facilities at the Esso Antwerp Refinery at Antwerp, Belgium. Foster Wheeler's contract value was not disclosed. A small initial release of work was included in the company's first-quarter 2014 bookings. The full release of work was included in the company's second-quarter 2014 bookings. “After the successful completion by Foster Wheeler of the front-end engineering design for this project and for the new delayed coking unit that will be built at the same facility, we are very pleased to have won this significant EPC contract for this challenging project,” said Roberto Penno, Chief Executive Officer, Foster Wheeler Global Engineering & Construction Group. “We look forward to providing ExxonMobil with our best experience and expertise, and adding another safe and successful project to our long track record with ExxonMobil.” Foster Wheeler's scope of work is expected to be completed in December 2016. Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company's Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom. For more information about Foster Wheeler, please visit our website at www.fwc.com.