Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has signed a three-year framework agreement with Apache Khalda Corporation LDC (Apache Khalda) for the provision of consultancy services. Apache Khalda, a subsidiary of Apache Corporation, is one of the leading liquid hydrocarbons and natural gas producers in Egypt.
The services to be provided by Foster Wheeler under the framework agreement include design, engineering and project management to assist Apache Khalda in the development and implementation of upstream projects in Egypt.
Bookings will be recorded as work is released by Apache Khalda.
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. For more information about Foster Wheeler, please visit our Web site at
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