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Brunei: QAF inks deal with global firm.

Asia Africa Intelligence Wire

| July 24, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Borneo Bulletin)

HAMILTON, Bermuda - Foster Wheeler Ltd (OTCBB FWLRF) announced that a subsidiary of Foster Wheeler Eastern Private Ltd and QAF Energy Support Services (QESS), the oil and gas arm of the QAF group of companies, have signed a collaboration agreement to jointly bid and execute projects in Brunei Darussalam.

"Our arrangement stems from complementary attributes of both companies to competitively bid execute projects to meet the demands of the growing industries in Brunei. We see a tremendous growth potential in Brunei and are very excited to be a part of this with QESS," said Roberto Penno, senior vice president Asia Pacific, Foster Wheeler …

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