September 03, 2014 2:05 AM ET

Construction and Engineering

Company Overview of Foster Wheeler Energy Limited

Company Overview

Foster Wheeler Energy Limited, a contractor, provides engineering, procurement, and construction services in upstream oil and gas, LNG and GTL, refining, chemicals and petrochemicals, and pharmaceutical business lines. It undertakes projects in Africa, Asia, the Middle East, Latin America, the United States, and Europe. The company was incorporated in 1978 and is headquartered in Reading, United Kingdom. Foster Wheeler Energy Limited operates as a subsidiary of Foster Wheeler AG.

Shinfield Park

Reading,  RG2 9FW

United Kingdom

Founded in 1978

Phone:

44 11 8913 1234

Fax:

44 11 8913 2333

Key Executives for Foster Wheeler Energy Limited

Chief Operating Officer and President of Foster Wheeler Ltd.
Age: 66
Managing Director of Operations
Age: 51
Compensation as of Fiscal Year 2014.

Foster Wheeler Energy Limited Key Developments

Rosneft and Exxon Mobil Selects CB&I UK and Foster Wheeler Energy as Contractors for Initial Phase Front End Engineering and Design for Russian Far East Liquefied Natural Gas Project

Rosneft and Exxon Mobil signed an agreement on project work for the construction of a liquefied gas plant in the Far East of Russia. Rosneft announced that it and ExxonMobil had selected CB&I UK and Foster Wheeler Energy as contractors for initial phase front end engineering and design (FEED) for a proposed Russian Far East liquefied natural gas project. Rosneft and ExxonMobil intend to finalize project design by the end of 2014, including front-end engineering and design documentation for the LNG plant, associated facilities and gas pipeline, as well as engineering studies and environmental impact assessment. CB&I UK and Foster Wheeler Energy will be awarded separate contracts for the initial phase front end engineering and design. The scope of work covers a conceptual project including finalizing details for an LNG plant site, gas liquefaction technology and construction method. Following submission by the companies of their respective concepts and design, Rosneft and ExxonMobil will evaluate the companies' work product and award a contract for the second phase of FEED. The plant design capacity of the project is expected to be 5 million tonnes per year and may be expanded in the future. The liquefaction plant will receive natural gas feedstock from Rosneft's reserves in the Far East and other Sakhalin gas resources. Rosneft plans to commission the LNG plant in 2018, no later. The plant will use gas from Rosneft's resources only. Gas produced by the Sakhalin-1 project may be used for the plant's second train.

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