Fluor Limited, the United Kingdom operating arm of Fluor Corporation
(NYSE: FLR), and British Nuclear Group's specialist decommissioning
business, Project Services, announced today that their partnership has
successfully secured a contract with the Russian Foundation for
Environmental Safety of Power Engineering.
Fluor Ltd and Project Services will assist with the decommissioning of
the retired Russian nuclear-powered naval fleet and associated spent
nuclear fuel and radioactive waste management near the Barents Sea ports
of Murmansk and Archangelsk. This will provide Fluor and British Nuclear
Group a crucial strategic foothold in the clean-up of Russia's nuclear
legacy, an emerging market that is expected to be worth billions of
pounds.
The contract involves Fluor and British Nuclear Group working alongside
Russian government organisation, Rosatom, as it develops the Russian
Federation's programme for cleaning up the former Soviet navy's nuclear
legacy. The combined capabilities of Fluor's project management and
decommissioning experience and British Nuclear Group's technical
clean-up expertise will assist Rosatom in building its own framework for
tackling the significant and highly complex radiological challenges that
exist in the northwest region of Russia.
Paul Hamer, Managing Director of British Nuclear Group Project Services,
said: "Nuclear clean-up is a global challenge and is of growing
importance. We are delighted to have this key partnership with Fluor
that combines the best clean-up expertise and talent to help put in
place frameworks that enable such challenges to be met as quickly and as
safely as possible."
Patrick Flaherty, Managing Director of Fluor Ltd, said: "Fluor welcomes
the opportunity to leverage its nuclear waste clean-up and project
management expertise to help the Russian Government dispose of these
aging materials and reclaim the affected areas. We feel very fortunate
to be working so closely with a quality partner like British Nuclear
Group and we both understand how important this project is to all of
Europe."
Activities to establish this are funded by the Northern Dimension
Environmental Partnership (NDEP) Support Fund, managed by the European
Bank of Reconstruction and Development (EBRD) to tackle the
environmental hazards in Russia's north-west and with contributions from
Canada, Denmark, the European Commission, Finland, France, Germany, the
Netherlands, Norway, Russia, Sweden and the United Kingdom and a
donation of Belgium.
Fabrizio Saccomanni, Vice-President of the EBRD, declared: "We look
forward to seeing that the cooperative effort between the leading
Russian experts and Fluor Ltd/British Nuclear Group Team delivers a top
class product on the shortest possible timeframe."
The initial scope of work will include: establishing a computer-based
program management tool to help guide the implementation of a
comprehensive strategic master plan and providing project management and
decommissioning technical support to the Russian Federation's efforts to
develop an integrated work programme for the decommissioning of nuclear
submarines and service vessels, the management of spent nuclear fuel and
radioactive waste, and the environmental rehabilitation of radioactively
contaminated sites in northwest Russia.
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations,
maintenance and project management. Now headquartered in Irving, Texas,
Fluor is a FORTUNE 500 company with revenues of $13.2 billion in 2005.
For more information visit http://www.fluor.com.
Contact:
Keith Stephens
Fluor Corporation Media Relations
469.398.7624
tel /214.864.2105 mobile
Janet Kearns
Fluor Ltd Media Relations
(44) 19 32246120/ (44)
78 02373466
Ken Lockwood/Jason Landkamer
Fluor Investor Relations
469.398.7220
/ 469.398.7222 tel
Ben Todd (44) 19 25834431/ (44) 77 38039640
Dan Gould (44) 19
25834853/ (44) 77 38039639
British Nuclear Group Press Office
Keith Stephens, Media Relations, of Fluor Corporation,+1-469-398-7624, tel, +1-214-864-2105, mobile; Janet Kearns, Media Relations,of Fluor Ltd, +44-19-32246120, +44-78-02373466; Ken Lockwood, +1-469-398-7220,or Jason Landkamer, +1-469-398-7222, both of Fluor Investor Relations; BenTodd, +44-19-25834431, +44-77-38039640, Dan Gould, +44-19-25834853,+44-77-38039639, all of the British Nuclear Group Press Office//Web site: http://www.fluor.com /