Foster Wheeler Wins Iraqi Oil Sector Management Contract

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Foster Wheeler's UK subsidiary, Foster Wheeler Energy Limited, has been awarded the Oil Sector Program Management Office (SPMO) support contract in Iraq by the U.S. Department of Defense. Foster Wheeler will provide dedicated program management and coordination support for all design and construction activities being performed for the Program Management Office (PMO) in this sector. The initial value of the Foster Wheeler contract is $6.8 million, which covers the first six months' services.

"We are delighted with news of the award," said Ian Bill, chairman and chief executive of Foster Wheeler Energy Limited. "This award reflects our world-class program management, engineering, procurement and construction skills and our extensive experience in the oil sector. We have a very successful track record in the Middle East, especially in the reconstruction of Kuwait. Our involvement with Iraq's oil sector began in the 1930s with the construction of the first oil processing units at Kirkuk and has included the development of the Daura and Basra facilities."

The contract is part of the international effort to restore the damaged and neglected infrastructure of Iraq. It is one of six SPMO contracts covering various sectors under the general oversight of the Program Management Office established by the Coalition Provisional Authority (CPA). The Iraq Program Management Office (PMO), part of the Coalition Provisional Authority, manages the $18.4 billion appropriated by the U.S. Congress to support the reconstruction of Iraqi infrastructure. This office is responsible for all activities associated with program, project, asset, construction and financial management of that portion of the reconstruction effort undertaken by the U.S. The goal of PMO, and the prime contractors who are selected, is to maximize Iraqi capabilities, and to leave Iraq with the tools and processes to continue the work begun under the Coalition Provisional Authority. Part of the objective of the contract is, therefore, to work with the Iraqi Ministry of Oil and to provide training to Iraqi personnel.

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