The new 35 billion-cubic feet gas storage facility will serve the natural gas markets at the Opal Hub in Wyoming.
The value of the contract has not been undisclosed.
Work on the contract is expected to continue through the third quarter of 2012.
Foster Wheeler is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment.
Ryckman Creek Resources is a subsidiary of Peregrine Midstream Partners.
