SOURCE: Industrial Info Resources

March 12, 2008 07:23 ET

StatoilHydro Selects Contractors to Perform Front-End Engineering Design for Phase 1 of Proposed Alberta Bitumen Upgrader, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 12, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- StatoilHydro Canada Limited (Calgary, Alberta), the Canadian business unit of StatoilHydro ASA (NYSE:STO) (ADR) (Stavanger, Norway), is studying options to construct a three-phase 250,000-barrel-per-day bitumen upgrader. The upgrader will be located 70 kilometers south of Fort McMurray, Alberta. StatoilHydro has chosen Foster Wheeler (NASDAQ:FWLT) (Houston, Texas) and WorleyParsons (Monrovia, California) to perform front-end engineering design work for Phase I, which is being designed to process 80,000 barrels per day of bitumen.

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