Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Aramco Overseas Company B.V. (AOC) to perform the front-end engineering design (FEED) for a gas compression project that is part of AOC’s Master Gas System Expansion in Saudi Arabia.

The Foster Wheeler contract value was not disclosed and was included in the second-quarter 2013 bookings.

Foster Wheeler will be responsible for developing a FEED package on a fast-track basis, initially for two compressor stations. AOC plans to develop up to three additional compressor stations in a subsequent phase of this expansion.

“Foster Wheeler is very pleased to be awarded further work for Saudi Aramco,” said Umberto della Sala, President and Chief Operating Officer of Foster Wheeler AG. “This latest win reflects our client’s confidence in our team, our performance track record on their projects and, in particular, our ability to execute a fast-track schedule.”

About Foster Wheeler AG
Foster Wheeler AG (Nasdaq:FWLT) is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Reading, United Kingdom.

About Aramco Overseas Company B.V. (AOC)
AOC provides the highest level of cost-effective and timely services to Saudi Aramco, the national oil company of the Kingdom of Saudi Arabia, and our sister affiliates to ensure they fulfill their mission to provide energy to the world.

We provide purchasing and logistics, inspection, engineering, research and technology, IT, finance, legal, public relations, HR, international staffing and executive services administered from the AOC headquarters in The Hague and from our satellite offices in Italy, Japan, Hong Kong, India, Singapore, China and the United Kingdom.