Foster Wheeler Ltd. has announced that its UK-headquartered subsidiary, Foster Wheeler Energy Limited, has been awarded a contract by Norway’s StatoilHydro ASA to undertake a feasibility study associated with carbon dioxide (CO2)/amine absorption, at the Asgard B offshore production facilities in the Norwegian Sea.

The value of the Foster Wheeler contract, undertaken as a part of its Global Engineering and Construction Group, for the project was not disclosed and will be included in the company's first-quarter 2008 bookings.

Asgard B is a semi-submersible production vessel which processes and exports gas and produced condensate from the Smorbukk and Midgard reservoirs in the Norwegian Sea. The overall objective of the project is to obtain maximum absorption of CO2 at Asgard B, in order to reduce future downstream CO2 removal demand and increase the volume of natural gas liquids exports.

Mike Beaumont, Chairman and Chief Executive Officer, Foster Wheeler Energy Limited, commented, “We are delighted to support StatoilHydro for this offshore study through our specialist upstream oil and gas group here in our Reading, UK, offices. With our in-depth technical expertise in gas processing and acid gas removal, we will be able to assist StatoilHydro in developing the optimum technical solution to meet its objectives.”

Foster Wheeler's scope of work includes the assessment of existing facilities, identification of possible bottlenecks and limitations, identification and evaluation of process options, and provision of preliminary cost and schedule estimates for the implementation of modifications.