Fluor Corporation (NYSE: FLR) today announced that it has been selected
by Canadian Natural Resources Limited to provide design services related
to a portion of the utilities and offsites of CNRL's Horizon Oil Sands
project located in the Fort McMurray region of northern Alberta. The
value of the award was not disclosed and was booked in Fluor's first
quarter.
Fluor will perform the engineering design specifications on the
project's utilities and offsite facilities including those related to
tankage, heat integration, flare and relief, electrical distribution,
cooling, piping and underground systems. The completed oil sands
facility will produce 232,000 barrels per day of synthetic light crude
oil to be fed to refineries in Canada and the United States. The project
is scheduled to be completed in three phases, with first oil in 2008 and
increasing production phased in over a five-year period.
"Fluor's extensive experience executing large oil sands projects enables
us to deliver fit-for-purpose design and cost-effective solutions," said
Jeff Faulk, Fluor's group president of Oil, Gas & Power. "We will use
that expertise to enhance the value of Canadian Natural's assets and
increase their long-term business success."
Fluor's offices in Calgary, Canada, and Long Beach, Calif., will execute
the work.
Canadian Natural Resources Limited is a senior independent oil and
natural gas exploration, development and production company based in
Calgary. Its operations are focused in Western Canada, the North Sea and
offshore West Africa.
In Canada Fluor is a preferred contractor of full engineering,
procurement, construction, and maintenance services for customers in a
variety of industries, including oil and gas. Based in Calgary, Fluor
has been executing work in Canada since 1949.
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 Lisa Boyette, +1-949-349-3652, 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 LisaBoyette, +1-949-349-3652, 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/