Bechtel/Sinopec Engineering/Foster Wheeler Consortium Implements $4.3 Billion Petrochemicals Project

May 28, 2003 Foster Wheeler Ltd. (NYSE: FWC) announced today that BSF, a consortium of Bechtel Petroleum & Chemical of the United States, Sinopec Engineering Inc. (SEI) of China, and Foster Wheeler Energy Limited of the UK, has been appointed as the project management contractor by CNOOC and Shell Petrochemicals Company Ltd. (CSPC) for the implementation phase of a world-scale, $4.3 billion petrochemicals complex in China’s Guangdong province.