Foster Wheeler and ENI Renew Frame Agreement

06/04/2014


ZUG, Switzerland--(BUSINESS WIRE)--Apr. 7, 2014-- Foster Wheeler AG (Nasdaq:FWLT) announced today that ENI S.p.A. has renewed for a further two years its existing framework agreement with a subsidiary of Foster Wheeler's Global Engineering and Construction Group.

Under this agreement, Foster Wheeler provides basic design and front-end engineering design for downstream, upstream, power and petrochemical projects world-wide undertaken by five ENI business units: ENI Refining & Marketing, ENI Exploration & Production, Enipower, Versalis and Syndial. Foster Wheeler has worked with ENI companies under a range of frame agreements for more than fifteen years.

Foster Wheeler records bookings as work orders are received under this agreement.

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, minerals 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 .

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