The coking complex consists of a 53,000 barrels per stream day (bpsd) delayed coker unit, which will use Foster Wheeler's SYDEC(SM) technology, a gas concentration unit and a 90,000 bpsd vacuum distillation unit.

The value of this contract was not disclosed. It will be included in Foster Wheeler's first-quarter 2008 bookings. In 2007, Foster Wheeler Iberia was awarded a separate contract for the design and supply of the coker fired heaters which are an integral part of the coker unit. The value of the heater award was not disclosed and was included in Foster Wheeler's fourth-quarter 2007 bookings.

This award follows the completion of the process design package for the delayed coker unit by Foster Wheeler's coking center of excellence in Houston, and the front-end engineering design by Foster Wheeler Iberia. The basic design of the vacuum distillation unit has already been completed by Foster Wheeler Iberia.

"We are very pleased that Repsol YPF has selected our delayed coking technology and our project execution expertise for this important project," commented Jesus Cadenas, chief executive officer of Foster Wheeler Iberia. "This award follows the similar recent award to us of the coker complex for Petronor's Somorrostro Refinery in Spain. The Petronor refinery is majority owned by Repsol YPF."

Foster Wheeler's SYDEC(SM) process is a thermal conversion process used by refiners worldwide to upgrade heavy residue feed and process it into high-value transport fuels. The SYDEC(SM) process achieves maximum clean liquid yields and minimum fuel coke yields.