Foster Wheeler awarded contract Statoil Petroleum Arctic Circle in Norway

Foster Wheeler to conduct study for Statoil’s Snohvit Improvement Project

12:00 PM, 18th February 2014
Foster Wheeler awarded contract by Statoil Petroleum

ZUG, SWITZERLAND: Foster Wheeler AG’s subsidiary of Global Engineering and Construction Group has been awarded a contract by Statoil Petroleum AS to perform a study for the Snohvit Improvement Project 2 at Melkoya, 450 kilometre north of the Arctic Circle in Norway. The Foster Wheeler contract value was not disclosed.

Foster Wheeler will define long-term solutions to achieve the Snohvit 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. 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,” said Roberto Penno, Chief Executive Officer, Foster Wheeler Global E&C Group.


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