22 August 2012

Foster Wheeler to Open New Upstream Office in Woking, UK

Zug, Switzerland – 22 August 2012 (BUSINESS WIRE) - Foster Wheeler AG announced today that the company is planning to open a new upstream office in Woking, UK, expanding its existing upstream capability in response to its success in this market sector and the growth opportunities this market offers. 

The new office in Dukes Court, Woking, is being established to provide specialist services to the offshore upstream market. The office 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. 

"Key to our Upstream strategy is to focus very strongly on expanding our existing upstream skills base and expertise, particularly in offshore," said Clive Vaughan, Chief Executive Officer, Foster Wheeler Upstream. "The new office, which is planned to open on October 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." 

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 12,000 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, mining 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 Geneva, Switzerland. 

Source: Foster Wheeler AG