Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract for a heat recovery steam generator (HRSG) by BP Oil Refinería de Castellón, S.A. The boiler will be built at BP's oil refinery in Castellón, Spain.

The terms of the contract, which will be included in Foster Wheeler's third-quarter 2007 bookings, were not disclosed.

Foster Wheeler will design, supply and erect the HRSG, and will also provide start-up supervision for the HRSG, which will be coupled to a Siemens SGT600 combustion turbine, producing 26 MWe (gross megawatt electric) of energy for the refinery. Commercial operation of the boiler is scheduled for the fourth quarter 2008.

In 1996, Foster Wheeler supplied another HRSG for the Castellón refinery. The HRSG, which is designed to recover heat from the gas turbine exhaust and convert it to usable steam which improves the plant power-generating efficiency, is the second to be supplied to the Castellon refinery.

Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the upstream oil and gas, LNG and gas-to-liquids, refining, petrochemicals, chemicals, power, pharmaceuticals, biotechnology and healthcare industries. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.