(Source: Datamonitor)
Foster Wheeler has said that its subsidiary Foster Wheeler Energy, part of its global engineering and construction group, has been awarded a contract by the South Oil Company for the basic engineering of new oil export facilities, to supplement the existing Al-Basra terminal in Iraq.
The new offshore facilities will include new single point mooring tanker loading buoys, together with oil pumping, metering and pipelines, to achieve an export capacity of 4.5 million barrels per day.
Foster Wheeler has said that it will prepare a technical definition package, plans and schedules for full project implementation, and invitation to bid documents for the supply and construction of the offshore export facilities.
Michael Beaumont, chairman and CEO of Foster Wheeler Energy, said: "We have been working with the South Oil Company and Iraq's Ministry of Oil on the upgrading of these export facilities and we are very pleased to have been awarded this basic design contract."
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