Amec Foster Wheeler wins Thai Oil’s Clean Fuel Project contract
- FEED contract for refinery expansion enabling increased efficiency and cleaner products
- Capacity expansion from 275,000 bpsd to 410,000 bpsd
- 35 year track record with Thai Oil
Amec Foster Wheeler announces today that it has been awarded a Front End Engineering Design (FEED) contract by Thai Oil Public Company Limited for its Clean Fuel Project at the Sriracha Refinery in Thailand.
The contract is due for completion in the second quarter of 2017.
The project will enable a crude distillation capacity expansion from 275,000 barrels per stream day (bpsd) to 410,000 bpsd and improvements to the energy efficiency of Thai Oil's refinery, as well as the production of transportation fuels to more stringent product quality specifications. This will be achieved with the installation of a number of new units, including Amec Foster Wheeler’s Solvent Deasphalting technology.
I’m proud to say that our 35-year track record with Thai Oil has covered the delivery of more than 40 projects. This latest contract, led by our well-established operation in Sriracha, further reinforces our customer’s confidence in Amec Foster Wheeler to provide the highest quality services to their projects in Thailand.
We look forward to applying our global clean fuels expertise to support Thai Oil in achieving its objectives for this strategic project; increased output, efficiency improvement and production of cleaner, more valuable transportation fuels.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
Employing around 40,000 people in more than 55 countries and with 2015 revenues of £5.5 billion, the company operates across 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 offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.
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.
Amec Foster Wheeler in Thailand
Over its 40+ year history of operating in Thailand, Amec Foster Wheeler has provided engineering, procurement and project management services for most of the major Thai refinery & petrochemical operators in the oil, gas and chemicals industries of Thailand. This includes projects for the Thai Oil Group of Companies, PTT Group of Companies, IRPC, Bangchak Petroleum, SPRC and SCG. Additionally, Amec Foster Wheeler has also worked with international refinery and petrochemical operators in Thailand including, ESSO, DOW, Chevron, Shell, BASF and Indorama.
Amec Foster Wheeler currently has over 750 people based in offices in Bangkok and Sriracha, with significant plans for growth in-country.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing, results 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.