Fluor Corporation (NYSE: FLR) today announced that it has been selected
to perform design services for ConocoPhillips' low-sulfur S Zorb Sulfur
Removal Technology (SRT) Gasoline project at its Lake Charles Refinery
in Westlake, La. The value of the contract was not disclosed and was
booked in the company's second quarter.
Fluor has been contracted to complete a process design package,
front-end design, detail design and procurement. When completed in
September 2005, the unit will have a capacity of 38,500 barrels-per-day.
The project marks the industry's first use of ConocoPhillips' Next
Generation S Zorb SRT design, a technology process developed to meet
low-sulfur gasoline requirements. The technology will make it possible
for the refinery to produce gasoline with sulfur levels of 10
parts-per-million, down from the previous level of 100 parts-per-million.
"The S Zorb unit will enable our Lake Charles refinery to comply with
EPA's Tier II gasoline sulfur regulations in advance of the 2006
deadline, as well as reach future, lower sulfur standards," said Brian
Evans, manager, Fuels Technology for ConocoPhillips.
"We are certain that the combination of Fluor's clean fuels expertise
and ConocoPhillips' S Zorb technology will result in an extremely
successful project that will be highly regarded within the industry,"
said Manuel Junco, a president within Fluor's Oil & Gas group.
According to ConocoPhillips, the new engineering design is expected to
reduce capital and operating costs about 20 percent over previous S Zorb
process designs.
ConocoPhillips is an integrated petroleum company with interests around
the world. Headquartered in Houston, the company had approximately
56,600 employees, $80 billion of assets and $100 billion of annualized
revenues as of March 31, 2003. For more information, go to www.conocophillips.com
.
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations,
maintenance and project management. Headquartered in Aliso Viejo,
Calif., Fluor is a Fortune 500 company with revenues of $10 billion in
2002. For more information, visit www.fluor.com
.
For more information, please contact: Media Relations, Jerry Holloway,
+1-949-349-7411, or Lori Serrato, +1-949-349-7420, or Investor
Relations, Lila Churney, +1-949-349-3909, fax, +1-949-349-5375, all of
Fluor Corporation.
Media Relations, Jerry Holloway, +1-949-349-7411, or LoriSerrato, +1-949-349-7420, or Investor Relations, Lila Churney,+1-949-349-3909, fax, +1-949-349-5375, all of Fluor Corporation//Web site: http://www.conocophillips.com //Web site: http://www.fluor.com /