22 March 2013
Trade and Investment Minister opens Foster Wheeler Office
A plaque was unveiled by Lord Green at a ceremony held at Foster Wheeler Upstream's office at Dukes Court, Woking and the ceremony was preceded by a roundtable discussion between Lord Green, who was accompanied by representatives from UK Trade & Investment (UKTI), and senior executives from Foster Wheeler led by J Kent Masters, Chief Executive Officer of Foster Wheeler.
Foster Wheeler Upstream is expanding its existing capability in response to its success in this market sector and the growth opportunities this market offers. The new office in Dukes Court was opened on 1 October 2012 to provide specialist services to the offshore upstream market. The office will offer a full spectrum of services for greenfield and brownfield developments, including concept selection, pre-front-end engineering design (pre-FEED), FEED, detailed design, project management consultancy, engineering, procurement and construction/construction management for upstream offshore oil and gas projects.
J Kent Masters, Chief Executive Officer, Foster Wheeler, said: "Key to our Upstream strategy is to focus very strongly on expanding our existing upstream skills base and expertise, particularly in offshore. The new office will provide access to the world-class offshore skills and expertise available in the Woking/London corridor which, together with the further development of our existing global upstream resources and track record, gives us a strong foundation upon which to grow our upstream market share."
"I'm delighted to be officially opening Foster Wheeler's new UK office," said Lord Green. "The UK is open for business and we warmly welcome inward investment. With excellent transport links, flexible employment legislation and low company tax, Britain is the ideal springboard to the rest of Europe for international companies. Foster Wheeler has been supported by UKTI's extensive network of experienced sector and location consultants providing market information, location guidance and practical help to get its UK upstream operation up and running. I wish the company every success."
Foster Wheeler 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, mining 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.
Foster Wheeler is based in Zug, Switzerland, and its operational headquarters office is in Reading. For more information about Foster Wheeler, please visit www.fwc.com
