Foster Wheeler Awarded Contracts By Pemex For Mexico Refineries

Foster Wheeler AG (Nasdaq:FWLT) announced today that subsidiaries of its Global Engineering and Construction Group, together with a joint venture partner for the project, Altair Strickland LLC, have been awarded contracts by Pemex Refinación (“Pemex”) for the engineering, design, procurement, construction, commissioning, and start-up of  slide valve systems on the Foster Wheeler delayed coker units at two refineries in Mexico: the Hector R. Lara Sosa Refinery located in Cadereyta, Nueva Leon, and the Francisco I. Madero refinery in Ciudad Madero, Tamaulipas. Both projects are scheduled to be completed during refinery turnarounds in 2015.

The Foster Wheeler contract values were not disclosed and were included in the company’s fourth-quarter 2013 bookings.

“These wins reflect our strong relationship with Pemex and our growing capabilities and presence in Mexico,” said Roberto Penno, Chief Executive Officer, Foster Wheeler Global Engineering and Construction Group. “Foster Wheeler brings to these projects extensive experience in the design and delivery of retrofits to delayed cokers, a robust track record in executing projects in Mexico, and impressive technical expertise in heavy crude processing.”