Final season for Foggy Petronas.

This year will be Foggy Petronas Racing's final season in the World Superbike Championship following the end of a five-year sponsorship deal with Petronas.

Both the FPR team and Petronas confirmed the news in a jointly issued statement which confirms that no extension to the original deal has been agreed.

"2006 will be Foggy Petronas Racing team's final season in the World Superbike Championship and we would like to end it on a successful note and I am looking forward to a fruitful season," said team owner, Carl Fogarty.

"We are honoured to have been able to be a part of this exciting, challenging and rewarding project. We always knew that building a brand new motorcycle and to compete against the might of the more established motorcycle manufacturers would not be easy. Nevertheless, we are proud of all our accomplishments and to have been able to overcome all the obstacles we faced, to come this far, is an achievement."

The team was formed in 2002 and made its racing debut in the World Superbike Championship the following year at Valencia, Spain. Petronas' partnership with Carl Fogarty came as a result of the limited edition production of the Petronas FP1 super bike.

Among the highlights of the Foggy Petronas Racing team in the World Superbike Championship include two podium finishes and two pole positions in 2004, where Petronas achieved its best ever result in the manufacturers' standings with a third place finish.

Fogarty has said he is now looking for new projects within the racing arena. "My Team Foggy Racing outfit will now continue to explore opportunities with other manufacturers and sponsors for 2007 and beyond, as I believe we have built a team capable of achieving consistent success on the world stage," he explained.