Foster Wheeler Wins Coker Heater Contract for Reliance Jamnagar Export Refinery Project in India.

HAMILTON, Bermuda -- Foster Wheeler Ltd. (Nasdaq: FWLT) announced today that its subsidiary Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded a contract by Bechtel France, Reliance Petroleum Limited's Design, Engineering, Procurement and Construction Advisory Services contractor, for the thermal design, engineering, procurement, and material supply of four TERRACE-WALL(TM) delayed coker heaters. These heaters are required for a new eight-drum delayed coking unit to be installed as part of the Jamnagar Export Refinery Project at the Reliance Petroleum Limited refinery in Jamnagar, Gujarat State, India. The coker heater award is in addition to a separate contract for the engineering and design of a new eight-drum delayed coking unit at the same refinery.

The terms of the award were not disclosed. The project will be included in the company's second-quarter bookings for 2006.

"Foster Wheeler is delighted to be awarded this contract by Reliance Petroleum," said Bruce Young, general manager of Foster Wheeler USA Corporation Fired Heater Division. "This award, which consolidates our already strong position in the supply of delayed coker heaters worldwide, reflects the quality and the depth of our technical expertise."

The Foster Wheeler TERRACE-WALL(TM) delayed coker heaters are an integral component of the Foster Wheeler Selective Yield Delayed Coking (SYDEC(SM)) process technology. Foster Wheeler is a market leader in the supply of delayed coking fired heaters and has supplied more than 80 units worldwide.

Notes to Editors:

1. Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the refining, upstream oil and gas, LNG and gas-to-liquids, petrochemical, chemicals, power, pharmaceuticals, biotechnology and healthcare industries. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. For more information about Foster Wheeler, visit our Web site at www.fwc.com.

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