The Foster Wheeler contract value for this project was not disclosed and will be included in the company’s fourth-quarter 2009 bookings.
Foster Wheeler’s scope of work will include the development of the location and configuration of the planned refinery, which will process Ugandan crude.
The study, which is scheduled for completion in mid-2010, will also include the assessment of options for the development of the oilfield, crude transportation, and an evaluation of the relative economics of developing the new refinery versus alternative options, including pipelines, for exporting the crude oil.
Umberto Sala, president and chief operating officer of Foster Wheeler, said: ”We are pleased to be involved in the first oil refinery project in Uganda.
“Our proven track record in objectively evaluating a wide range of options for upstream oil and gas field development and for attaining the optimum configuration for grassroots refineries, together with our expertise in projects in remote locations, mean we are ideally positioned to help the Ugandans achieve a viable, realistic plan for implementing this important project.”
Fredrik Kaliisa, Secretary of Energy and Mineral Development for Ugandan Government, said: ”This process attracted 35 companies which expressed interest in undertaking the study. Out of these, six were contacted to submit their proposals and the proposal of Foster Wheeler was considered the best.”
