Fluor Selected for Clean Fuels Project in South Africa

March 1, 2004

Fluor Corporation (NYSE: FLR) today announced that it has been selected by Shell SA Energy and BP Southern Africa to provide engineering, design, procurement and construction management services for a clean fuels project at their jointly owned SAPREF crude oil refinery in Durban, South Africa. The contract value was not disclosed.

The SAPREF LION (Large Increase in Octane Number) project will provide new clean fuels capabilities to meet South African requirements by January 1, 2006. The fuel produced will have a zero lead and reduced sulphur content.

Fluor's services include project management, basic and detail engineering, procurement, construction management and commissioning of the project. The project will be executed out of Fluor's offices in Johannesburg, South Africa; Haarlem, the Netherlands and Gliwice, Poland.

"On completion of the LION project, SAPREF will have increased significantly their supply of lead-free petrol to the market and will meet European legislative requirements for sulphur content," said Tjalling Terpstra, project manager, SAPREF. "The LION project will make an important contribution to a cleaner environment."

"Fluor values its relationship with SAPREF that has been established over many years," said Jeff Faulk, Fluor's group executive of Oil, Gas & Power. "Fluor's previous experience at the refinery, in-country expertise and international execution of other clean fuels projects will provide maximum benefit to SAPREF."

The SAPREF refinery is the largest crude oil refinery in South Africa consisting of a fuels refinery as well as a base oil refinery.

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 nearly $9 billion in 2003. For more information, visit www.fluor.com.

For further information, please contact: Media Relations, Jerry Holloway, +1-949-349-7411, or Leann Vandergrift, +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 LeannVandergrift, +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/