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Update -BP Whiting awards FW Coker Contract- 6 drum-102MBD unit

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    Charles Randall
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    Foster Wheeler USA Wins Coker Contract for BP Whiting Refinery in U.S.
    Thursday August 21,2008 8:15 am ET

    HAMILTON, Bermuda–(BUSINESS WIRE)–Foster Wheeler Ltd. announced today that its subsidiary Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded contracts by BP Products North America for the engineering, procurement and fabrication of a 102,000 barrels per stream day (bpsd) six-drum delayed coking unit and gas plant facilities at BPs Whiting refinery in Indiana, U.S.
    This is an integral part of the BP Whiting Refinery modernization project which will increase Whiting gasoline production by 1.7 million gallons a day and equip the refinery to process increased amounts of secure Canadian crude oil.
    The terms of the award were not disclosed. Foster Wheeler USA has been working on this project since 2005 and a number of bookings have been made as work was released in stages by BP, including a release for the thermal design, engineering, procurement, and material supply of three delayed coker heaters. The largest booking, which followed the final approval to proceed with this project by BP, was included in Foster Wheelers second-quarter 2008 bookings.
    Foster Wheeler is pleased to be playing a key role in this strategic project for BP, said Troy Roder, chief executive officer of Foster Wheeler USA Corporation. We have developed an excellent working relationship with BP at the Whiting refinery over the past three years, during which time we have undertaken the design for this coking facility and have developed a modular fabrication strategy for the coker in line with BPs objectives for this project. This final release to proceed confirms BPs continued confidence in the quality of our team, our in-depth technical expertise, our project execution track record and our module fabrication experience.
    Foster Wheeler’s SYDEC(SM) process is a thermal conversion process used by refiners worldwide to upgrade heavy residue feed and process it into high-value transport fuels. The SYDEC(SM) process achieves maximum clean liquid yields and minimum fuel coke yields. Foster Wheeler is a market leader in delayed coking and has supplied its delayed coking process technology worldwide for more than 80 new cokers and has worked on more than 70 delayed coker revamps.
    The Foster Wheeler delayed coker heaters, which use its proprietary Terrace-WallTM design, are an integral component of the companys SYDEC(SM) process technology. Foster Wheeler is a market leader in the supply of delayed coking fired heaters and has supplied more than 100 coker heaters worldwide.
    Foster Wheeler Ltd. is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs over 14,000 talented professionals with specialized expertise dedicated to serving our clients through one of its two primary business groups. The companys Engineering & Construction (E&C) Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, environmental, pharmaceuticals, biotechnology and healthcare industries. The companys 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 Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at http://www.fwc.com.

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