Foster Wheeler Awarded PMC Services Contract for a Grassroots Refinery and Petrochemical Complex in Vietnam

  Foster Wheeler Awarded PMC Services Contract for a Grassroots Refinery and
  Petrochemical Complex in Vietnam

Business Wire

ZUG, Switzerland -- July 30, 2013

Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its
Global Engineering and Construction Group has been awarded a project
management and consultancy (PMC) services contract by the Nghi Son Refinery
and Petrochemical Limited Liability Company for its Nghi Son Refinery and
Petrochemical (NSRP) Complex to be constructed in the Nghi Son Economic Zone,
Thanh Hoa Province, Socialist Republic of Vietnam.

The Nghi Son Refinery and Petrochemical Limited Liability Company is a joint
venture company formed by and between the Vietnam Oil and Gas Group, Vietnam;
Idemitsu Kosan Co., Ltd., Japan; Kuwait Petroleum Europe B.V., Netherlands;
and Mitsui Chemicals, Inc., Japan.

The Foster Wheeler contract value was not disclosed and will be included in
the company's second-quarter 2013 bookings.

The NSRP Complex will consist of an integrated refinery, processing 200,000
barrels of crude oil per stream day, and petrochemical complex, with
associated infrastructure, utilities and offsites facilities. The refinery is
designed to process Kuwait Export crude. The plant will have the facilities
for full conversion, with an integrated aromatics complex and polypropylene
production. The expected total investment for the project is US$9 billion.

Foster Wheeler will manage and administer, in an integrated team with the
client, the engineering, procurement and construction contractor consortium
through to the completion of performance testing. The NSRP complex is expected
to commence commercial operation in 2017.

“Foster Wheeler successfully completed the front-end engineering design for
the NSRP complex, and subsequently provided project management services during
the tendering phase for the main EPC contract,” said Umberto della Sala,
President and Chief Operating Officer, Foster Wheeler AG. “We are delighted to
be continuing our involvement with this strategic project during the
implementation phase. Our performance during the earlier stages of the
project, our refining expertise and our experience in executing major projects
in Asia were critical factors in our success in winning this significant

Foster Wheeler AG is a global engineering and construction company and power
equipment supplier delivering technically advanced, reliable facilities and
equipment. The company employs approximately 13,000 talented professionals
with specialized expertise dedicated to serving its clients through one of its
two primary business groups. The company’s Global Engineering and Construction
Group designs and constructs leading-edge processing facilities for the
upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and
petrochemicals, power, minerals and metals, environmental, pharmaceuticals,
biotechnology and healthcare industries. The company’s Global Power Group is a
world leader in combustion and steam generation technology that designs,
manufactures and erects steam generating and auxiliary equipment for power
stations and industrial facilities and also provides a wide range of
aftermarket services. The company is based in Zug, Switzerland, and its
operational headquarters office is in Reading, United Kingdom. For more
information about Foster Wheeler, please visit our Web site at

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and current reports on Form 8-K filed or furnished with to the Securities and
Exchange Commission.


Foster Wheeler AG
Patti Landsperger, +1 908-713-2944
Investor Relations:
Scott Lamb, +1 908-730-4155
Other Inquiries:
+1 908-730-4000
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