Foster Wheeler to open new upstream operation in the UK

Foster Wheeler AG (NASDAQ:FWLT) has announced plans to open a new office in Woking, UK, to provide specialist services to the offshore upstream market.

Offshore staff

ZUG, Switzerland– Foster Wheeler AG (NASDAQ:FWLT) has announced plans to open a new office in Woking, UK, to provide specialist services to the offshore upstream market.

The new office in Dukes Court, Woking, will offer a full spectrum of services for greenfield and brownfield developments, including concept selection, pre-front-end engineering design (pre-FEED), FEED, detailed design, project management consultancy, engineering, procurement, and construction/construction management for offshore oil and gas projects.

Clive Vaughan, CEO of Foster Wheeler Upstream, said: “Key to our upstream strategy is to focus very strongly on expanding our existing upstream skills base and expertise, particularly in offshore.

"The new office, which is planned to open on Oct. 1, 2012, provides access to the world-class offshore skills and expertise available in the Woking/London corridor which, together with the further development of our existing global upstream resources and track record, gives us a strong foundation upon which to grow our upstream market share.”

8/27/2012

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