Jun 29 2010
Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a contract by GDF SUEZ to carry out the pre-front-end engineering design (pre-FEED) for the development of an onshore LNG plant and offshore gas gathering infrastructure.
The project seeks to establish a national gas transportation network linking Cameroon’s offshore gas resources with the State-sanctioned onshore site near Kribi on the southern coastline of Cameroon. Foster Wheeler is working with GDF SUEZ and GDF SUEZ’s partner, Cameroon’s Société Nationale des Hydrocarbures (SNH).
LNG project by Foster Wheeler
The Cameroon LNG project involves a single-train onshore LNG plant with a production capacity of up to 3.5 million tons per annum. The project also includes an upstream gas gathering system and subsea pipeline tie-ins to offshore production facilities. In carrying out the pre-FEED for the entire mid-stream project, Foster Wheeler will develop the preliminary design basis for the liquefaction facility, gas gathering and treatment facilities and LNG export facilities, and will prepare capital cost estimates and other documentation. The pre-FEED is scheduled to be completed in early 2011.
“We look forward to building a strong and long-lasting relationship with GDF SUEZ and its partner SNH in executing the Cameroon LNG Project. We have delivered a winning combination for the pre-FEED, bringing together our expertise and experience in LNG liquefaction, the subsea and pipelines expertise of our Upstream team, and our proven track record of delivering large, technically complex projects in challenging locations,” said Umberto della Sala, president and chief operating officer, Foster Wheeler AG.
The Foster Wheeler contract value for this project was not disclosed and will be included in the company’s second-quarter 2010 bookings.
Source: http://www.fwc.com/