ZUG, Switzerland--(BUSINESS WIRE)--Mar. 27, 2012-- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by PT Pertamina (Persero) ("Pertamina"), the national oil company of the Republic of Indonesia, to provide project management consultancy services for the Residue Fluid Catalytic Cracker (RFCC) Project at the Cilacap Refinery, on the island of Java, Indonesia. Foster Wheeler will manage the engineering, procurement and construction contractor on behalf of Pertamina. The value of Foster Wheeler's contract was not disclosed and will be included in the company's first-quarter 2012 bookings.
The RFCC project is intended to build a 62,000 barrels per day (BPD) RCC Complex, which includes a RFCC, a new LPG MeroxTM unit (Merox is a trademark of UOP LLC), and propylene recovery and gasoline hydrotreating units. The addition of an RFCC unit should enable the refinery to increase fuel production, especially fuel-air high-octane fuels intended to meet European Union EURO IV quality specifications. Production of liquid petroleum gases is also expected to be increased by 350,000 tons per annum (TPA), and the refinery also plans to produce in excess of 140,000 TPA of propylene. The upgrade is expected to be completed in 2014.
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