Foster Wheeler Receives a Two-Year Extension of Its Contract With Shell

The booking values will be recorded as individual work orders are received. This is the second extension to the current contract and will take the Foster Wheeler Alliance relationship with Shell at Stanlow through to 2011. Foster Wheeler's original Alliance contract with Shell was signed in 1997.

"This contract extension represents a demonstration of the success of our alliance relationship with Shell in the UK," said Michael J. Beaumont, chairman and chief executive officer, Foster Wheeler Energy Limited. "Our team based at Shell's Stanlow Manufacturing Complex has grown steadily over the last eight months in order to respond to a higher refinery/chemical complex workload.

Shell has expressed their appreciation for the work of our site team, and for the significant and continuous support of our specialists and supplementary resources from our UK operations."

"Shell UK Oil Products Limited is pleased to continue the successful Alliance with Foster Wheeler Energy Limited. The Alliance has an important role in enabling Shell to deliver its Business Plan," commented Nigel Keech, projects manager, Shell UK Oil Products Limited.