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| Foster Wheeler wins contract by Statoil in Norway Switzerland–based engineering and construction company Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has received a contract from Statoil Petroleum AS for the pre-front-end engineering (pre-FEED) for the Snøhvit Future Development Project at Statoil's Melkøya-based LNG facility on Melkøya Island approximately 450 km north of the Arctic Circle, Hammerfest, Norway. The Foster Wheeler contract value for this project was not disclosed and the first release of work will be included in the company's first-quarter 2011 results. Statoil has informed Foster Wheeler that further releases of pre-FEED work to Foster Wheeler under the existing contract are likely to be made during 2011, depending upon the development option(s) selected by Statoil. Foster Wheeler's scope of work will include concept design activities in order to support the finalization of the development concept and of the plant capacity for the expansion of LNG production at the Melkøya LNG facility, as well as energy optimization investigations. Foster Wheeler's involvement through this contract will continue through 2011. write your comments about the article :: © 2011 Construction News :: home page |