Foster Wheeler wins crude oil PMC contract

Engineering, procurement and construction company Foster Wheeler’s Global Engineering and Construction Group has been awarded a project management consultancy (PMC) services contract by South Oil, part of Iraq’s Ministry of Oil, for the Iraq Crude Oil Export Expansion Project onshore in southern Iraq and offshore in Iraqi waters.

The project will include the installation of two onshore and offshore pipelines, plus three single-point moorings and a central manifold and metering platform.

Scheduled for completion by July 2013, the project is expected to boost Iraq’s Basra export capacity from 1.8 million barrels per day (bpd) to 4.5 million bpd by 2014.

The contract value was not disclosed and will be included in the company’s third-quarter 2010 bookings.