Statoil Awards Foster Wheeler Its Mongstad Refinery Expansion Contract

Foster Wheeler awarded Statoil’s feasibility study for Mongstad Refinery, Norway

12:10 PM, 29th August 2013
Foster WheelerGets Mongstad Refinery Expansion Contract From Statoil

ZUG, SWITZERLAND: Foster Wheeler’s Global Engineering and Construction Group subsidiary has been awarded a contract by Statoil ASA to undertake a feasibility study for the upgrade of Statoil’s Mongstad Refinery in Norway. The contract value was not disclosed.

Foster Wheeler’s scope includes performing high-level process simulations to identify the optimum technical solution for the refinery upgrade, and production of a detailed study report and a total installed cost estimate. The study is scheduled for completion at the end of 2013.

The refinery upgrade project by Statoil aims to address crude feedstock flexibility requirements and to increase diesel production, including the production of ultra-low-sulfur diesel. The upgrade is expected to include the installation of a new vacuum distillation unit, together with new diesel hydrotreaters.

“This award strengthens Foster Wheeler’s excellent relationship with Statoil. We will apply our in-depth refining expertise and technology know-how to assist Statoil in developing a viable plan for implementing its refinery upgrade, in line with its objectives,” said Umberto della Sala, President and Chief Operating Officer, Foster Wheeler AG.

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