Foster Wheeler signs technology pact with Shell for global downstream work
Foster Wheeler has signed a new global enterprise framework agreement with Shell Global Solutions, the companies said on Thursday.
Under this agreement, Shell may request Foster Wheeler to provide support in the preparation of basic engineering packages for the following Shell technologies: distillation, hydrocracking, hydrotreating, thermal conversion, ethylene oxide, pyrolysis gas, fluid catalytic cracking and CANSOLV sulfur dioxide scrubbing.
The agreement is for a five-year period, with an option for Shell and Foster Wheeler to agree to extend the agreement for another five years. Foster Wheeler will record bookings as work orders are received from Shell.
Foster Wheeler already has in place a five-year Asian agreement initiated last year with Shell, under which Foster Wheeler is providing engineering and project management services for Shell downstream and midstream projects in Asia and elsewhere.
“We are already working with Shell on a diverse portfolio of their planned investments under the Asian [agreement], both within Asia and elsewhere, and we are very pleased to have signed a second EFA under which we will provide additional global support to Shell, this time in the development of technology packages,” said Umberto della Sala, chief operating officer of Foster Wheeler.
“It is a key strategic objective of Foster Wheeler to develop and extend long-term relationships with our clients to leverage our technical expertise, global reach and local project delivery to support their global investment plans," he added.
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