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Foster Wheeler wins Algeria gas deal

Hamilton (Bermuda), October 13, 2008

Foster Wheeler said its UK-based subsidiary Foster Wheeler Energy, has won a front-end engineering design (Feed) contract in Algeria.

The contract was awarded by BP Exploration (El Djazair) on behalf of In Salah Gas JV for Southern Fields Development Project.

Foster Wheeler Energy Limited is a part of Global Engineering and Construction Group.
 
In Salah Gas (ISG), the largest dry gas joint-venture development in the country, involves the development of seven proven gas fields in the southern Sahara, 1,200 km south of Algiers.

On-stream since July 2004, ISG produces nine billion cubic meters of gas per year from three northern fields.

It is also the world's first full-scale carbon dioxide capture project at an onshore gas field. The ISG venture is run as an association between Sonatrach, BP and StatoilHydro.

The objective of the In Salah Southern Gas Fields Development Project, the second phase of the ISG development, is to maintain gas production at plateau levels when production from the three northern fields goes into decline, said a company official.

It involves the development of the four fields to the south of the current development, Garet el Befinat, Hassi Moumene, In Salah and Gour Mahmoud, located around the town of In Salah in the Walia of Tamanrasset.

Foster Wheeler will update the basis of design, develop the technical data, specifications and requisitions and provide a detailed cost estimate in order to define the engineering, procurement and construction (EPC) scope of work.

'One of our key strengths is the design and execution of large, technically complex projects in challenging environments. So we are delighted to have been selected by In Salah Gas for the second phase of this significant development,' said Michael J. Beaumont, chairman and chief executive officer, Foster Wheeler Energy Limited.

'The Foster Wheeler team will bring together its specialist expertise in gas field development, pipelines, and execution of major projects to deliver a high quality Feed which meets schedule and plant availability objectives.'

They will also take full account of the environmental and social sensitivities of development in proximity to the local In Salah community,' Beaumont added.

Foster Wheeler is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment.

The company employs over 14,000 talented professionals with specialized expertise dedicated to serving our clients through one of its two primary business groups.-TradeArabia News Service




Tags: BP | Algeria | Foster Wheeler | gas deal | In Salah Gas |

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