London, UK,
28
August
2015
|
07:00
Europe/London

Amec Foster Wheeler awarded Vietnam’s Dung Quat refinery contract supporting its $1.8 billion expansion plan

Summary
  • Plant processing capacity to increase by 30 per cent per annum
  • Amec Foster Wheeler’s expertise to optimise plant’s configuration at lowest cost

Amec Foster Wheeler announces today the award of a Front End Engineering Design (FEED) contract by Binh Son Refining and Petrochemical Company Ltd (BSR), a subsidiary of state-owned Vietnam National Oil & Gas Group (PetroVietnam), for their Dung Quat oil refinery in Quang Ngai Province, Vietnam. The contract is part of the US$1.8 billion expansion and upgrading plan which is planned to increase the plant’s annual processing capacity by 30 per cent.

The two year contract, the value of which has not been announced, includes optimisation of the refinery configuration, coordination of licensors, and the design for new units as well as the revamp of existing units. This includes establishing the optimum project definition to allow the project to be implemented at the lowest cost, while increasing the stable supply of petroleum products in accordance with the Euro 5 standard. Amec Foster Wheeler will also support BSR’s contracting activities ready for the next phase of the project.

​Roberto Penno, Group President of Amec Foster Wheeler’s Asia Pacific, Middle East, Africa and Southern Europe business
This contract award affirms our world leading refinery capability, and I am delighted we are using our global expertise to support BSR in the development of Dung Quat, building on the design we completed for the original refinery 15 years ago.
​Roberto Penno, Group President of Amec Foster Wheeler’s Asia Pacific, Middle East, Africa and Southern Europe business
Notes to editors

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.

 

Forward-Looking Statements

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.

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