Foster Wheeler Unit Awarded Services Contract For US$9 Billion Refinery And Petrochemicals Complex

By Energy Asia, July 31st, 2013

Switzerland-based engineering giant Foster Wheeler AG said a subsidiary has been awarded a contract to provide project management and consultancy for the construction of a new US$9 billion oil refinery and petrochemicals complex in Vietnam.

The Nasdaq-listed company said its Global Engineering and Construction Group was awarded the contract by the Nghi Son Refinery and Petrochemical Limited Liability Company to help build the Nghi Son Refinery and Petrochemical (NSRP) complex in the Nghi Son Economic Zone in Thanh Hoa province by 2017.

The Nghi Son Refinery and Petrochemical Limited Liability Company is jointly owned by the Vietnam Oil and Gas Group (PetroVietnam), Netherlands’ Kuwait Petroleum Europe BV, and Japan’s Idemitsu Kosan Co Ltd and Mitsui Chemicals Inc.

Foster Wheeler declined to reveal the contract value for the project, which will consist of a 200,000 b/d refinery to process Kuwaiti heavy crude linked with an aromatics and polypropylene petrochemicals complex and associated infrastructure.

Foster Wheeler said it will help manage and administer the engineering, procurement and construction contractor consortium through to the completion of performance testing for what will be Vietnam’s second refinery. The country’s first refinery at Dung Quat started up in 2009.

“Foster Wheeler successfully completed the front-end engineering design for the NSRP complex, and subsequently provided project management services during the tendering phase for the main EPC contract,” said Umberto della Sala, Foster Wheeler AG’s President and Chief Operating Officer.

“We are delighted to be continuing our involvement with this strategic project during the implementation phase. Our performance during the earlier stages of the project, our refining expertise and our experience in executing major projects in Asia were critical factors in our success in winning this significant award.”

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