Foster Wheeler Awarded EPCm Contract by Sasol

Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) services contract by Sasol Petroleum Temane Limitada (“Sasol”) for an Electrical Expansion and Fuel Gas Superheater Project at Sasol’s Temane gas processing facility in Mozambique.

The Foster Wheeler contract value was not disclosed and will be included in the company’s third-quarter 2014 bookings.

The objective of the project is to expand the electric generation capacity of the Temane Central Processing Facility through the addition of a new gas turbine-driven electric generator and a new gas superheater. The project is scheduled for completion during the first quarter of 2016.

“Foster Wheeler designed and built the original Central Processing Facility at Temane and has safely and successfully completed other projects at this facility,” said Roberto Penno, Chief Executive Officer, Foster Wheeler Global Engineering and Construction Group. “We look forward to adding this latest award to our list of project delivery successes in Africa.”