Amec Foster Wheeler awarded feasibility study for refinery, Malaysia
Detailed feasibility study for a new refinery and petrochemicals complex in Malaysia
Amec Foster Wheeler announces today the award of a contract by SKS Corporation Sdn Bhd, together with Petromin Corporation of Saudi Arabia, and another Asian partner, to supply consultancy services for a proposed new refinery and petrochemical complex in Kedah state, Malaysia.
The value of the consultancy contract, which will be delivered during 2015 by an Amec Foster Wheeler team in Reading and Kuala Lumpur, has not been announced.
Under the contract, Amec Foster Wheeler will undertake a detailed feasibility study to define the configuration of the complex, develop the infrastructure requirements, establish a project implementation plan and produce a cost estimate to help optimise the project and establish a clear plan to take the project forward.
The proposed development supports SKS’s aim to boost investment into the Malaysian economy and develop the region as a world class supplier of refinery and petrochemical products to South East Asia.
I am delighted that a combination of our local team in Kuala Lumpur supported by our refinery Centre of Excellence in Reading, is delivering a major feasibility study for this exciting, world-scale petrochemical project in Malaysia.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
With pro-forma 2014 annualised scope revenues of £5.5 billion and over 40,000 people in more than 50 countries, the company operates across the whole of the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.
Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements.
Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.