Foster Wheeler Awarded Technical Consultancy Services Contracts by Apache Khalda for the Qasr Compression Project in Egypt

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that subsidiaries of its Global Engineering and Construction Group have been awarded contracts by Apache Khalda Corporation LDC (Apache Khalda) for the provision of technical consultancy services to oversee the engineering, procurement and construction (EPC) phase of the Qasr Compression Project in Egypt. The Qasr Compression Project will provide additional compression to the existing facilities at the Qasr gas condensate field, in the Western Desert, approximately 525km west of Cairo.

The Foster Wheeler contract value was not disclosed and will be included in the first-quarter 2013 bookings.

Foster Wheeler will assist Apache Khalda in the management and administration of the EPC phase of the project as part of a joint project management team. The EPC phase is expected to be completed in the first- quarter 2015.

The company also provided project management consultancy services to Apache Khalda during the front-end engineering design phase.

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 www.fwc.com.

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