Amec Foster Wheeler announces the award of a contract by the Oman Tank Terminal Company (OTTCO) for the front-end engineering design of the Ras Markaz Crude Oil Park Project in Oman.

The value of the contract has not been disclosed.

Located 70 kilometres south of the Port of Duqum on the Wusta Coast, the Ras Markaz project involves the phased development of a terminal designed to hold about 200 million barrels of crude oil, making it one of the largest oil storage facilities of its type. The first phase of the project, for approximately 25 million barrels’ capacity, is planned to be on stream by the end of 2018.

Roberto Penno, Amec Foster Wheeler Group President for Asia, Middle East, Africa & Southern Europe, said: “We have an excellent and long-standing reputation in Oman and are already working on other key investments in the country. We are delighted to be part of this strategic project.”

About Amec Foster Wheeler

Amec Foster Wheeler designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.

With pro-forma 2013 annualised scope revenues of £5.5 billion and over 40,000 employees in more than 50 countries, the company operates across the whole of the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.

Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.

Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW

About OTTCO

OTTCO is a joint venture between Oman Oil Company and its downstream investment subsidiary, Takamul Investment Company.