Statoil ASA selected a subsidiary of Foster Wheeler AG’s Global Engineering and Construction Group to undertake a feasibility study for the upgrade of Statoil’s Mongstad Refinery in Norway. The value of the Foster Wheeler contract was not disclosed.
Foster Wheeler’s scope of work includes performing high-level process simulations to identify the optimum technical solution for the refinery upgrade, and production of a detailed study report and a total installed cost estimate. The study is scheduled for completion at the end of 2013.
The refinery upgrade project by Statoil aims to address crude feedstock flexibility requirements and to increase diesel production, including the production of ultra-low-sulphur diesel. The upgrade is expected to include the installation of a new vacuum distillation unit, together with new diesel hydro-treaters.
“This award strengthens Foster Wheeler’s excellent relationship with Statoil,” said Umberto della Sala, president and COO of Foster Wheeler AG. “We will apply our in-depth refining expertise and technology know-how to assist Statoil in developing a viable plan for implementing its refinery upgrade, in line with its objectives.”
Asset Owner Representative, Strategy Manager Lars Thorstholm, Statoil ASA said, "This is an important project for Statoil to improve the competitiveness of the Mongstad Refinery. Statoil are looking forward to benefitting from Foster Wheeler's comprehensive refining and hydrocarbon process technology expertise."