Foster Wheeler AG FWLT announced today that a joint venture of a
subsidiary of its Global Engineering and Construction Group (Foster Wheeler
Canada Ltd.) and Three Streams Engineering Ltd. has been awarded the front-end
engineering design (FEED) for the proposed Cenovus Energy Inc. Telephone Lake
SAGD (steam-assisted gravity drainage) central processing facility phase A
development.
The project, located in northern Alberta, is expected to have an initial
production capacity of 90,000 barrels per day (bbls/d) over two phases and an
estimated project life of up to 40 years. The project is currently under
review by regulators.
The contract value for this project was not disclosed. The booking will be
included in the company's fourth-quarter 2012 bookings.
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