Foster Wheeler Announces Study Contract For Statoil Snøhvit Improvement Project

(RTTNews) - Engineering and construction firm Foster Wheeler AG (FWLT) said a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Statoil Petroleum AS to perform a study for the Snøhvit Improvement Project 2 at Melkøya, 450 kilometers north of the Arctic Circle in Norway.

The contract value was not disclosed. It will be included in the company's fourth-quarter 2013 bookings.

Foster Wheeler will define long-term solutions to increase the operating performance of the LNG facility and increase the capacity and feed gas flexibility of the plant. This concept study is scheduled for completion in the third quarter of 2014.