The terms of the award were not disclosed. The project will be included in the company’s first-quarter 2005 bookings.
The project, which will be carried out by Foster Wheeler’s UK office, is one of three GASCO projects (the other two being the AGD-II and OGD-III facilities) in a suite of five integrated projects being undertaken in conjunction with GASCO’s sister companies, ADCO (for gas gathering and reinjection), and TAKREER (for condensate storage and shipping). The whole suite of projects is being undertaken on behalf of the Abu Dhabi National Oil Company (ADNOC).
“We are delighted to be awarded this contract by GASCO,” said Steve Davies, Chairman and Chief Executive Officer of Foster Wheeler’s UK office. “Following closely the recent award to Foster Wheeler of the PMC services for the OGD-III implementation stage, this latest award further demonstrates GASCO management’s confidence in our project management capability for another of their world-scale projects. This reflects our wealth of PMC experience and expertise in managing large, complex projects in upstream gas processing and follows our earlier involvement in the project as PMC for the FEED and EPC bid/evaluation stages. Foster Wheeler is proud to assist GASCO in the further development of this prestigious investment program within the UAE gas business sector.”
As PMC, Foster Wheeler’s role is to manage the EPC contractor, whose activities will also include commissioning and final handover of the third NGL train at Ruwais.
The third NGL train will process NGL transported via a new pipeline from OGD-III and AGD-II, supplemented by a new LPG stream from the adjacent refinery, owned by TAKREER.
The NGL will be processed in a 24,400 tonnes per day fractionation and treatment train to produce ethane, liquefied propane and butane and pentane and heavier hydrocarbons. In addition, the project includes four 83,600m3 liquefied petroleum gas storage tanks, a single
76,000m3 pentane storage tank and a two-berth extension to the export jetty. The project is expected to be completed by the end of the first quarter 2008.
“Foster Wheeler’s extensive expertise and experience in PMC services for this sector of business will stand us in good stead to complete our program of massive new developments in a coordinated and timely manner,” commented Mohammed Sahoo, General Manager, Abu Dhabi Gas Industries Ltd. (GASCO).
Tuesday, May 10- 2005 @ 8:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.