Foster Wheeler Wins Design Contract for Gulf of Mexico Pipeline Project

March 23, 2011
Foster Wheeler AG, (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a detail design contract by Enbridge Offshore Facilities, LLC for the deepwater Walker Ridge Gathering System (WRGS) export gas pipelines and the deepwater Big Foot (BGF) export oil pipeline located in the Walker Ridge (WR) area of the Gulf of Mexico.

“We are delighted that Enbridge Offshore Facilities, LLC has selected Foster Wheeler Upstream’s Houston-based team for this project and we look forward to delivering a high quality service which fully satisfies our client”

The contract value, which was not disclosed, will be included in the company’s first-quarter 2011 bookings. Foster Wheeler’s work on the design contract is expected to be completed during the second quarter of 2011.

“We are delighted that Enbridge Offshore Facilities, LLC has selected Foster Wheeler Upstream’s Houston-based team for this project and we look forward to delivering a high quality service which fully satisfies our client,” said Clive Vaughan, chief executive officer, Foster Wheeler Upstream. “We have performed the detail design of essentially all of the deepwater pipelines in the Gulf of Mexico. Upstream remains a top growth priority for Foster Wheeler, and the award of the three deepwater gas and oil pipelines contained in this WRGS and BGF project confirms our strategy and commitment to the upstream oil and gas market sector.”

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