Foster Wheeler joint venture bags Nafusah Oil’s FEED contract in Libya

Foster Wheeler JV bags Nafusah Oil’s FEED contract in Libya

6:29 AM, 18th July 2014
Foster Wheeler joint venture bags Nafusah Oil’s FEED contract in Libya

ZUG, SWITZERLAND: Foster Wheeler AG’s subsidiary of global engineering and construction group, in joint venture with Taknia Libya Engineering Company (Taknia), has been awarded a front-end engineering design (FEED) contract by Nafusah Oil Operations BV Libyan Branch for an onshore oilfield development, known as the Area 47 Development Project in Libya. Area 47 (North Hamada Field) is located in the Hamada region, approximately 200 km south of Tripoli, in the Ghadames Basin. The Foster Wheeler contract value was not disclosed and will be included in the company’s second-quarter 2014 bookings.

The planned development will consist of approximately 34 producing wells, including eleven existing wells and approximately 23 new wells, flow-lines and a common gathering trunk-line to transport the well fluids to the central gas oil separation facility for primary treatment. After separation, the oil and gas produced will be exported through new pipelines that will be connected into existing pipelines carrying products to the Mellitah delivery terminal, in the northwest of Libya, on the Mediterranean Sea, for export. The planned design capacity of the gas oil separation facility is 50,000 barrels per day of oil, 90 million standard cubic feet per day of gas and associated water (to be re-injected into the reservoirs).

“Foster Wheeler has been involved in the Area 47 Development Project for some time, having completed the conceptual study in 2012 and worked on the FEED definition in 2013. Area 47 is located in a relatively remote part of Libya, so the facilities are being designed on a modular basis in order to minimize on-site construction and installation activities, and to accommodate future expansion,” said Roberto Penno, Chief Executive Officer, Foster Wheeler Global Engineering and Construction Group.

 

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