Foster Wheeler Awarded Project Management Contract By Cardon IV

Foster Wheeler bags Cardon’s Perla Field contract in Gulf of Venezuela

11:59 AM, 1st August 2013
Foster Wheeler Gets Contract

ZUG, SWITZERLAND: Foster Wheeler AG’s Global Engineering and Construction Group subsidiary has been awarded a project management contract by Cardon IV SA, for new production facilities for the Perla Field in the Gulf of Venezuela. Cardon IV SA is a joint venture company owned by Eni Venezuela BV and Repsol YPF Venezuela Gas, SA. The value of the transaction was not disclosed.

The new production facilities will be comprised of offshore structures, trees, controls, offshore processing, subsea flowlines, export pipelines, the shore approach and utilities facilities from the wellheads to an onshore gas plant, and tie-in to an existing gas and condensate pipeline system. First gas is planned at the end of 2014.

Foster Wheeler will supervise the engineering, procurement and construction contractors and the procurement of long-lead equipment. The company’s scope of work requires supervision activities to be carried out in engineering centres in Houston, Madrid, London, and Rijeka, Croatia, and in more than 15 countries for fabrication and construction of equipment and materials at module and jacket fabrication yards and for site installation.

“We are delighted that Cardon IV has selected Upstream’s Houston-based team for this project, and we look forward to continuing to deliver a high-quality service which fully satisfies our client. We have built a strong working relationship with Cardon IV since we started work on the conceptual engineering in 2010, and then completed the front-end engineering design. During these three years we have provided the client with high-quality people and deliverables, and this latest award reflects Cardon IV’s continuing confidence in our Upstream team,” said Hal Ankrum, Chief Executive Officer, Foster Wheeler Upstream.

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