Foster Wheeler to conduct study for Statoil's Norwegian refinery
Global Engineering and Construction Group, a subsidiary of Foster Wheeler, has received a contract to perform a feasibility study for Norwegian-based energy company Statoil's Mongstad Refinery upgrade.
As part of the contract, Switzerland's Foster Wheeler will perform high-level process simulations to identify the optimum technical solution for the refinery upgrade, and produce a detailed study report.
Foster Wheeler president and chief operating officer Umberto della Sala said the contract strengthens the company's excellent relationship with Statoil.
"We will apply our in-depth refining expertise and technology know-how to assist Statoil in developing a viable plan for implementing its refinery upgrade, in line with its objectives," Sala added.
The upgrade project, which involves installation of a vacuum distillation unit, along with diesel hydrotreaters, is expected to help Statoil increase diesel production, including production of ultra-low-sulphur diesel, as well as address crude feedstock flexibility needs.
Statoil asset owner representative and strategy manager Lars Thorstholm said the project will enable the company to improve the competitiveness of the Mongstad Refinery.
"Statoil are looking forward to benefitting from Foster Wheeler's comprehensive refining and hydrocarbon process technology expertise," Thorstholm added.
Included in Foster Wheeler's second-quarter 2013 bookings, the value of the contract has not been disclosed.
The study, which also includes a total installed cost estimate, is expected to completed by the end of 2013.