Fluor Corporation (NYSE: FLR) today announced that it has been awarded
the Export Capacity Upgrading Project at the Kollsnes Gas Terminal by
Statoil A/S, Norway's largest energy company. Located on the country's
west coast, near Bergen, the Kollsnes terminal is the largest gas
processing facility in Norway, owned by Gassled, the Norwegian pipeline
system, and operated by Gassco, the state gas company. The value of the
contract to Fluor is approximately $57 million.
The project includes a new gas compression train and revamp of the
existing facilities. The expanded facility will increase gas export
capacity by 20 per cent to 143 million standard cubic meters per day to
meet the increasing demand for gas to the United Kingdom and the rest of
the European Union.
Fluor has lump-sum turnkey responsibility for engineering, procurement
and construction of the new facilities. The project will be led from
Fluor's Haarlem office in the Netherlands and executed with a Norwegian
partner, Reinertsen A/S, which will provide engineering, procurement and
construction services for civil, steel and piping work. Construction
will commence in May 2005 and is scheduled for completion in May 2006,
with the new compressor train going on stream in August 2006.
"In 1997, Fluor built the world-scale Tjeldbergodden methanol plant,
and, now, we are extremely pleased to have been selected by Statoil for
this expansion project," said Jeff Faulk, Fluor's group president of
Oil, Gas & Power.
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,
California, 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
Janet Kearns, 01932 246120/020 8222 7057, or mobile, 07802 373466, 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 Janet Kearns, 01932 246120/020 8222 7057, ormobile, 07802 373466, or Investor Relations, Lila Churney, +1-949-349-3909, orfax, +1-949-349-5375, all of Fluor Corporation//Web site: http://www.fluor.com /