Foster Wheeler Ltd. announced that its UK-headquartered subsidiary, Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, has been awarded a contract by StatoilHydro ASA to undertake a feasibility study associated with carbon dioxide (CO2)/amine absorption at the Åsgard B offshore production facilities in the Norwegian Sea.

The Foster Wheeler contract value for this project was not disclosed and will be included in the company's first-quarter 2008 bookings.

Åsgard B is a semi-submersible production vessel which processes and exports gas and produced condensate from the Smørbukk and Midgard reservoirs in the Norwegian Sea. Foster Wheeler's scope of work includes the assessment of existing facilities, identification of possible bottlenecks and limitations, identification and evaluation of process options, and provision of preliminary cost and schedule estimates for the implementation of modifications. The overall objective is to obtain maximum absorption of CO2 at Åsgard B in order to reduce future downstream CO2 removal demand and increase the volume of natural gas liquids exports.

“We are delighted to support StatoilHydro for this offshore study through our specialist upstream oil and gas group here in our Reading, UK, offices,” said Mike Beaumont, chairman and chief executive officer, Foster Wheeler Energy Limited. “With our in-depth technical expertise in gas processing and acid gas removal, we will be able to assist StatoilHydro in developing the optimum technical solution to meet its objectives.”