Foster Wheeler wins LNG upgrade
18 Feb 2014
Foster Wheeler yesterday announced it had won a contract to upgrade a Norwegian liquefied natural gas (LNG) plant in the Arctic Circle.
The oilfield services contractor was awarded the work by Statoil for its Snøhvit Improvement Project 2 at Melkøya, in the Barents Sea.
Statoil operates the offshore Snøhvit project and is the largest shareholder with a 36.8% stake. Other firms in the Snøhvit partnership include Petoro, Total, GDF Suez and RWE.
Foster Wheeler’s Global Engineering & Construction (E&C) Group subsidiary will carry out a study to define long-term solutions to achieve the Snøhvit partnership’s objectives of increasing the operating performance of the LNG facility and increasing the capacity and feed gas flexibility of the plant.
This concept study is scheduled for completion in the third quarter of 2014.
“We have been working with Statoil and its Snøhvit partners for more than five years,” said Foster Wheeler Global E&C Group chief executive Roberto Penno.
“We are pleased to have this opportunity to continue to add value for our client through the application of our LNG expertise and our brownfield experience to develop innovative technical and project execution approaches.”
Foster Wheeler is currently the subject of a £2 billion takeover bid by its rival Amec.
