AMECO Awarded Fleet Outsourcing Contract Renewal by Phillips Petroleum

March 3, 2000

AMECO, a unit of Fluor Global Services, Monday announced that it has been awarded a five-year extension to its existing fleet and tool outsourcing contract with Phillips Petroleum in Borger, Texas.

Under terms of the new contract, AMECO will provide complete outsourcing of mobile equipment, including rentals, repairs, maintenance, and fueling to the Borger facility. In addition, AMECO provides on-site tool repairs and tool distribution for Phillips.

"Phillips Petroleum is very happy to extend the contract with AMECO for another five years," said Glynn Abbott, contract manager for Phillips Petroleum. "Over the past five years, AMECO and Phillips have worked together to do what is best for both companies. Because we have worked so closely together in this relationship, the contract has become more of an alliance between the two companies."

"AMECO is looking forward to this extended opportunity to work closely with Phillips to provide equipment and tool services to the Borger plant. We maintain our commitment to continuous improvement of services and cost reduction," said Gary Bernardez, vice president of AMECO's Fleet Outsourcing. "This contract extension with Phillips Petroleum exemplifies our company's mission to deliver integrated equipment and tool outsourcing solutions to the industrial market."

Added Toby Ezelle, contract manager for AMECO on the Phillips site, "In addition to providing a responsive array of services, we focus on problem solving to help make the best business decision for Phillips. Our on-site presence fosters an excellent team approach to help lower costs for both companies."

Phillips Refinery and NGL, located at Borger, are a part of the Phillips Petroleum Company engaged in oil and gas exploration and production worldwide; gas gathering, processing and marketing in the United States; refining, marketing and transportation operations, primarily in the United States; chemicals and plastics manufacturing and sales around the globe; and technology development. Founded in Bartlesville, Okla., in 1917, the company had 15,900 employees and $15 billion in assets at the end of 1999, and $14 billion of revenues for the year.

Based in Greenville, AMECO is a leading full-service equipment supplier, providing construction equipment, tool and fleet outsourcing services, on a global basis to construction, mining, government and industrial markets.

Fluor Corporation (NYSE:FLR), with 1999 revenues of $12.4 billion, provides services on a global basis in the fields of engineering, procurement, construction, maintenance and operations. It is headquartered in Aliso Viejo, Calif.

Fluor Corporation releases are available on Fluor's Corporate News on the Net site at http://www.businesswire.com/cnn/flr.htm.

Fluor Corporation, Aliso ViejoKeith Karpe, Media Relations949/349-7661orLori Serrato, Media Relations949/349-7420