Foster Wheeler (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has signed a Master Service Agreement to support the North American capital project program of Enterprise Products Operating LLC (“Enterprise”), a subsidiary of Enterprise Products Partners L.P. Under this evergreen agreement, Foster Wheeler will provide services for multiple projects that will be awarded in a “release” arrangement.
Enterprise is a leading U.S. midstream company that processes, transports and/or fractionates natural gas, natural gas liquids, crude oil and refined products.
Foster Wheeler will record bookings as work order releases are received from Enterprise.
“This is another success toward our strategic objective to develop and extend long-term relationships with our clients to leverage our technical expertise, project delivery and network of operations to support their investment plans,” said Umberto della Sala, President and Chief Operating Officer of Foster Wheeler AG. “We believe that this award is a very good foundation upon which to significantly develop our relationship with Enterprise across its entire business portfolio, and across a wide range of services.”
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 13,000 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 Reading, United Kingdom. For more information about Foster Wheeler, please visit our Web site at
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