Fluor Corporation (NYSE: FLR) announced that Fluor Offshore Solutions, a
unit of Fluor, has been awarded an engineering, procurement and
construction (EPC) support contract for Phase 3 of the Malampaya Deep
Water Gas-to-Power Project. The project is being undertaken on behalf of
the Philippine Government by the Service Contract 38 consortium composed
of Shell Philippines Exploration B.V. (Operator), Chevron Malampaya LLC
and Philippine National Oil Company—Exploration Corporation. This
landmark project is among the most significant in the Philippines.
Approximately 40 percent of the power for the main island of Luzon is
generated by power plants using Malampaya gas. This new contract follows
Fluor’s successful completion of the front-end engineering and design
(FEED) contract for Phase 3. Fluor booked the undisclosed contract value
in the third quarter.
“This new EPC contract for the Malampaya Deep Water Gas-to-Power Project
solidifies our strength in the growing global offshore gas market,” said
Peter Oosterveer, Fluor’s president for Energy & Chemicals. “Fluor’s
long-term presence in the Philippines is a testament to the outstanding
work by our professionals, now 2,220 strong, in our Manila and Cebu
offices, who are providing full-service project execution.”
Fluor Offshore Solutions is providing detailed engineering, procurement
and selected construction support services as well as supporting the
Shell team in managing the local fabricator.
Malampaya Phase 3 involves the design, fabrication and installation of a
new depletion compression platform that is linked by a bridge to the
existing shallow water platform. Fluor is responsible for the
engineering and procurement for the new depletion compression platform
as well as modifications required on the shallow water platform.
Additional Fluor responsibilities include freight forwarding, material
management for onshore fabrication and offshore installation, and
preparation of work scopes for transportation and installation. The
project is being performed locally from Fluor’s burgeoning full-service
execution centers in Manila and Cebu as well as a local fabrication yard
in the Philippines. The project is under way and is expected to be
complete in 2015.
Fluor previously provided ongoing engineering services for the existing
shallow water platform from 2000 to 2006 and more recently conducted a
hazard and operability analysis for the Malampaya project.
Fluor Offshore Solutions recently completed offshore projects in the
Middle East, in the East Timor Sea and off the northeast coast of China.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the
world's most challenging and complex projects. Founded in 1912, the
company was started by John Simon Fluor Sr. with a modest investment of
$100. Since those humble beginnings, the company has grown into one of
the largest engineering & construction companies in the world. Fluor is
celebrating its 100th anniversary during 2012.
Today, through its global network of offices on six continents, the
company provides comprehensive capabilities and world-class expertise in
engineering, procurement, construction, commissioning, operations,
maintenance and project management. Headquartered in Irving, Texas,
Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011.
For more information, visit www.fluor100.com
and www.fluor.com.
Fluor CorporationMedia RelationsKeith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222