Foster Wheeler Awarded Coker Training, Commissioning and Start-Up Services Contract by Petron in Philippines
23 Setembro 2014 - 8:30AM
Business Wire
Foster Wheeler AG (Nasdaq:FWLT) announced today that a
subsidiary of its Global Engineering and Construction Group has
been awarded a contract by Petron Corporation to provide operator
training, commissioning, and start-up assistance services for the
new delayed coking unit at Petron’s Bataan Refinery in the
Philippines.
The new delayed coking unit at the Bataan Refinery is based on
Foster Wheeler’s leading SYDECSM delayed coking technology and
includes a Foster Wheeler delayed coker heater. The company also
undertook the detailed engineering and procurement services for the
new coker. Foster Wheeler’s scope of work is scheduled to be
completed by the end of 2014.
“Following the execution of the process design package and the
detailed engineering, we are pleased to receive this subsequent
award and the opportunity to continue to work with Petron
Corporation,” said Roberto Penno, Chief Executive Officer, Global
Engineering and Construction Group. “We believe this is a
reflection of Petron’s continued confidence in the added value
Foster Wheeler delivers in the implementation, commissioning,
start-up and operational phases of delayed coker projects based on
our leading SYDECSM delayed coking technology.”
Foster Wheeler AG is a global engineering and construction
company and power equipment supplier delivering technically
advanced, reliable facilities and equipment. The company employs
approximately 13,000 talented professionals with specialized
expertise dedicated to serving its clients through one of its two
primary business groups. The company’s Global Engineering and
Construction Group designs and constructs leading-edge processing
facilities for the upstream oil and gas, LNG and gas-to-liquids,
refining, chemicals and petrochemicals, power, minerals and metals,
environmental, pharmaceuticals, biotechnology and healthcare
industries. The company’s Global Power Group is a world leader in
combustion and steam generation technology that designs,
manufactures and erects steam generating and auxiliary equipment
for power stations and industrial facilities and also provides a
wide range of aftermarket services. The company is based in Zug,
Switzerland, and its operational headquarters office is in Reading,
United Kingdom. For more information about Foster Wheeler, please
visit our website at www.fwc.com.
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Foster Wheeler AG news releases may contain forward-looking
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and projections about the Company and the various industries within
which the Company operates. These include statements regarding the
Company’s expectations about revenues (including as expressed by
its backlog), its liquidity, the outcome of litigation and legal
proceedings and recoveries from customers for claims and the costs
of current and future asbestos claims and the amount and timing of
related insurance recoveries. Such forward-looking statements by
their nature involve a degree of risk and uncertainty. The Company
cautions that a variety of factors, including but not limited to
the factors described in the Company’s most recent Annual Report on
Form 10-K, which was filed with the U.S. Securities and Exchange
Commission on February 27, 2014, and the following, could cause the
Company’s business conditions and results to differ materially from
what is contained in forward-looking statements: the timing and
success of the proposed offer and acquisition of the Company by
AMEC plc, the risk that the Company’s business will be adversely
impacted during the pending proposed offer and acquisition of the
Company by AMEC plc, benefits, effects or results of the Company’s
redomestication to Switzerland, deterioration in global economic
conditions, changes in investment by the oil and gas, oil refining,
chemical/petrochemical and power generation industries, changes in
the financial condition of its customers, changes in regulatory
environments, changes in project design or schedules, contract
cancellations, the changes in estimates made by the Company of
costs to complete projects, changes in trade, monetary and fiscal
policies worldwide, compliance with laws and regulations relating
to the Company’s global operations, currency fluctuations, war,
terrorist attacks and/or natural disasters affecting facilities
either owned by the Company or where equipment or services are or
may be provided by the Company, interruptions to shipping lanes or
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for damages and insurance coverage for asbestos exposure,
protection and validity of the Company’s patents and other
intellectual property rights, increasing global competition,
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claims by third parties against the Company, and changes in
estimates used in its critical accounting policies. Other factors
and assumptions not identified above were also involved in the
formation of these forward-looking statements and the failure of
such other assumptions to be realized, as well as other factors,
may also cause actual results to differ materially from those
projected. Most of these factors are difficult to predict
accurately and are generally beyond the Company’s control. You
should consider the areas of risk described above in connection
with any forward-looking statements that may be made by the
Company. The Company undertakes no obligation to publicly update
any forward-looking statements, whether as a result of new
information, future events or otherwise. You are advised, however,
to consult any additional disclosures the Company makes in proxy
statements, quarterly reports on Form 10-Q, annual reports on Form
10-K and current reports on Form 8-K filed with or furnished to the
Securities and Exchange Commission.
Foster Wheeler AGMedia:United StatesPatti Landsperger, +1
908-713-2944patti_landsperger@fwc.comorOther Inquiries:+1
908-730-4000fw@fwc.com
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