New Contract for PMC Services at New Umm Wu’al Site
Fluor Corporation (NYSE: FLR) announced today that the company was
awarded a new project by Saudi Arabian Mining Company (Ma’aden). Fluor’s
scope of work is to provide project management consulting (PMC) services
related to the development of the Umm Wu’al greenfield phosphate project
and related facilities in northern Saudi Arabia. Fluor will book
approximately $200 million related to the contract in the fourth quarter
of 2012.
The project kick-off was commemorated at a contract signing ceremony
held on December 1 in Saudi Arabia where Ma’aden representatives, local
dignitaries and Fluor senior executives were present including Chairman
& Chief Executive Officer David Seaton.
Fluor’s scopes of work on the Umm Wu’al project will include the
following areas:
-
provide overall PMC services for the development of the Umm Wu’al
phosphate project;
-
supervise and manage the feasibility study including the development
of basic design packages which is undertaken by FEED contractor;
-
manage the development, strategy, and tendering of engineering,
procurement and construction (EPC) packages; and
-
manage and supervise all EPC contractors during EPC stage until
project turnover closeout.
“The Middle East has always been an important market for Fluor and we
are delighted that our relationship with Ma'aden is expanding with the
award of this significant project. We are honored that our client in
Saudi Arabia recognizes the value that Fluor brings to a complex project
like Umm Wu’al,” said Rick Koumouris, Fluor’s business line lead for
Mining & Metals. "We will look forward to working closely with our
client and bringing to bear all of the tools in our arsenal - especially
our world class safety culture and rigorous processes and procedures -
to secure the success of this project.”
Fluor will execute the Umm Wu’al project from its offices in Al Khobar,
Saudi Arabia with support from other global Fluor locations. The company
has set a goal of at least 20 percent local Saudi labor content on the
project beginning in year one. Once completed, the Umm Wu’al project
will have an annual capacity of 100,000 metric tons per annum (MTPA) of
food grade purified phosphoric acid; 90,000 MTPA of industrial grade
sodium tripoly phosphate; 250,000 MTPA of animal feed grade dicalum
phosphate/monocalcium phosphate; along with 280,000,000 MTPA of
phosphate and compound fertilizers. The project will likely leverage
much of the existing infrastructure including port, rail and other
developments put in place by the Saudi Arabia Government.
About Fluor
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 Relations:Keith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222