In the pipeline

Reading-based Foster Wheeler Energy has been awarded a contract by the South Oil Company for the basic engineering of oil export facilities that will supplement the Al-Basra terminal in Iraq.

The 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.

The Foster Wheeler contract value for this project was not disclosed and it will be included in the company’s first-quarter 2009 bookings.

Foster Wheeler 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.

‘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,’ said Michael J Beaumont, chairman and chief executive officer of Foster Wheeler Energy.