Foster Wheeler Wins Contract For Salah Development in Algeria

Foster Wheeler Ltd. announced today that its UK-headquartered subsidiary Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, has been awarded a front-end engineering design (FEED) contract by BP Exploration (El Djazair) Limited on behalf of the In Salah Gas Joint Venture for the Southern Fields Development Project in Algeria. The Foster Wheeler contact value for this project was not disclosed, and will be included in the company's fourth-quarter 2008 bookings.



In Salah Gas (ISG), the largest dry gas joint-venture development in the country, involves the development of seven proven gas fields in the southern Sahara, 1,200 km south of Algiers. On-stream since July 2004, ISG produces approximately nine billion cubic meters of gas per year from three northern fields. It is also the world's first full-scale carbon dioxide capture project at an onshore gas field. The ISG venture is run as an Association between Sonatrach, BP and StatoilHydro...more...