SHARQ hands KSA contract to Foster Wheeler subsidary

Petrochemical complex expansion programme in Jubail Industrial City is to be managed by Foster Wheel Energy Limited after contract was recently awarded

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By  Rhys Jones Published  September 25, 2004

Foster Wheeler has announced that its UK subsidiary Foster Wheeler Energy Limited has been awarded a programme management services contract by Eastern Petrochemical Company (SHARQ) for the expansion of SHARQ’s existing petrochemicals complex. The SHARQ 3rd Expansion Project will be located at Jubail Industrial City and is a joint venture between Saudi Basic Industries Corporation (SABIC) and Saudi Petrochemical Development Corp. The terms of the award were not disclosed but the project will be included in third-quarter bookings. “We are delighted to be involved in this major investment programme to be undertaken by Eastern Petrochemical Company,” said Steve Davies, chairman & CEO, Foster Wheeler Energy Limited. “This is yet another significant win for Foster Wheeler and continues our recent success for similar work with our clients in the Kingdom. We are already working as project management consultant with SABIC for its new grass roots petrochemicals facility to be built at Yanbu Industrial City. This award further underscores the quality of our technical and project management expertise and demonstrates Foster Wheeler’s competitiveness in the market- place,” he added. The expansion of the existing petrochemical complex will include a grassroots 1300 kilo tones/annum (kta) ethylene cracker, a 800 kta polyethylene plant, a 600 kta ethylene glycol plant and associated off-sites and utilities. The deal is one of many between Foster Wheeler and SABIC. “The selection of Foster Wheeler as Programme Management Contractor underlines our developing relationship with Foster Wheeler,” said Mohammad Al-Jabri, president, Eastern Petrochemical Company. “We are confident that this project will benefit significantly from the similar work Foster Wheeler is executing for SABIC’s Yanbu facility,” he added. The scope of the work which will be undertaken by Foster Wheeler as the sole Programme Management Contractor (PMC) will include the preparation of front-end engineering design (FEED), preparation and the issue of invitations to bid for each of the process units, including bid evaluation work and award recommendations for engineering, procurement and construction (EPC) contractors. involved in the project. Foster Wheeler will also manage all of the EPC contractors as well as providing the overall management, coordination and control of all phases of the entire programme. Mechanical completion is expected by the start of 2008.

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