Foster Wheeler Lands Pre-FEED, FEED Contract Offshore Venezuela

Cardon IV, a joint venture company owned by Eni Venezuela and Repsol YPF Venezuela Gas, awarded Foster Wheeler a pre-front-end engineering design and a front-end engineering design contract for new production facilities at the Perla field. The new production facilities compromise offshore structures; trees; controls; offshore processing; subsea flowlines; export flowlines; the shore approach and utility facilities from the wellheads to an onshore gas plant; and tie-ins to an existing gas and condensate pipeline system. Production is expected to commence in 2013. The Perla field is located in the Cardon IV Block in the shallow waters of the Gulf of Venezuela. Repsol, operator, holds 50%; Eni holds the remaining 50% interest.

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