Fluor Corporation (NYSE: FLR) today announced that it has been selected
by Kuwait Oil Company, a subsidiary of Kuwait Petroleum Corporation, to
provide comprehensive consulting services, specializing in project
management, in support of KOC's capital-expenditure program. $44 million
of the five-year contract's total value was booked in the company's
second quarter.
The services relating to the construction of new facilities and
upgrading of existing facilities are broad-based and include project
management, coordination, planning, front-end design, engineering,
contracting, procurement, project controls, construction management and
training of KOC project staff. Services will be performed in offices
provided by KOC at its headquarters in Ahmadi, Kuwait, with front-end
design packages executed in Fluor's office in Camberley, U.K.
"Fluor has been active supporting clients in the Middle East for more
than 50 years," said Kirk Grimes, Fluor's group executive of Oil & Gas.
"This award from KOC, which allows us to partner with them to develop
the best solutions for their capital-expenditure program, illustrates
the depth and excellence of our employees' expertise in project
development and management. We look forward to supporting KOC with their
projects."
KOC is a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC),
which is the government-owned entity responsible for Kuwait's
hydrocarbon interests throughout the world. As part of the global energy
industry, KPC helps to supply the world with vital oil and gas resources
by exploring for, producing, refining, transporting and marketing of
crude oil and products, both in Kuwait and internationally.
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 further 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, or 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, or fax +1-949-349-5375, all of Fluor Corporation//Web site: http://www.fluor.com /