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Foster Wheeler Shell alliance extended

Posted: 21 January 2009

Foster Wheeler Ltd reported today that its UK-headquartered subsidiary, Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, has been awarded a two-year extension of its existing alliance contract with Shell UK Oil Products Limited for the provision of basic design, engineering, procurement and construction management services at Shell's Stanlow Manufacturing Complex, UK.

The booking values will be recorded as individual work orders are received.

"This contract extension represents a demonstration of the success of our alliance relationship with Shell in the UK," said Michael J. Beaumont, chairman and chief executive officer, Foster Wheeler Energy Limited.

"Our team based at Shell’s Stanlow Manufacturing Complex has grown steadily over the last eight months in order to respond to a higher refinery/chemical complex workload.

Shell has expressed their appreciation for the work of our site team, and for the significant and continuous support of our specialists and supplementary resources from our UK operations."

This is the second extension to the current contract and will take the Foster Wheeler Alliance relationship with Shell at Stanlow through to 2011.

Foster Wheeler’s original Alliance contract with Shell was signed in 1997.

"Shell UK Oil Products Limited is pleased to continue the successful Alliance with Foster Wheeler Energy Limited. The Alliance has an important role in enabling Shell to deliver its Business Plan," said Nigel Keech, projects manager, Shell UK Oil Products Limited.




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