Engineering and construction giant Fluor Corporation (NYSE: FLR) today
announced that it has been selected by Enagas -- Spain's largest
natural-gas supplier -- to install a large gas-compression station in
Alcazar de San Juan, Spain. Under the terms of the $52-million contract,
Fluor will be responsible for detailed engineering, procurement services
and construction management.
Associated with the new gas pipeline being built between Argelia and
Almeria, Spain, the project is necessary to meet Spain's growing demand
for gas. The facility will compress gas for distribution within the
Spanish high-pressure gas network. Fluor will install the latest proven
technology in turbo-compressors at the Alcazar de San Juan site.
"We look forward to building on our history with Enagas," said Jeff
Faulk, Fluor's group president of Energy & Chemicals. "We promise to
deliver world-class results to Enagas, just as we have provided on its
projects in Huelva and Cartagena, Spain."
Fluor booked the contract in the fourth quarter of 2005. Completion is
scheduled for the beginning of 2008, with work executed in Fluor's
Madrid office.
Enagas is the main natural gas transport company in Spain, with a market
share of more than 90 percent. The company owns three of the four
operating regasification plants in country (Huelva, Barcelona and
Cartagena), has more than 6,200 kilometers of high-pressure gas
pipelines, two underground gas storage facilities and several
international links (Maghreb, Norwat via France, Portugal and LNG entry
points).
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 $9.4 billion
in 2004. For more information, visit www.fluor.com.
Media Relations
Leann Vandergrift
Phone -- 949.349.7420
Lisa
Boyette
Phone -- 949.349.3652
Investor Relations
Ken Lockwood
Phone -- 949.349.3815
Fax
-- 949.349.5375
Media Relations, Leann Vandergrift, +1-949-349-7420, or LisaBoyette, +1-949-349-3652, or Investor Relations, Ken Lockwood,+1-949-349-3815, fax +1-949-349-5375, all of Fluor Corporation//Web site: http://www.fluor.com /