IRVING, Texas & FARNBOROUGH, United Kingdom--(BUSINESS WIRE)--Fluor Corporation today announced that it was selected by Kuwait Oil
Company (KOC), a subsidiary of Kuwait Petroleum Corporation (KPC), to
provide comprehensive consulting services, specializing in front-end
design and project and construction management in support of KOC’s
capital expenditure program for Kuwait. This award follows 10 years of
successful Fluor support to KOC. The value of the five-year contract is
$410 million and will be booked in Fluor’s fourth quarter.
The services related to the construction of new facilities and upgrading
of existing facilities are broad based, and include project management,
coordination, planning, front-end design, engineering, contracting,
procurement, project controls, construction management and training of
KOC project staff. Services will be performed at KOC headquarters in
Ahmadi, Kuwait, with front-end design packages executed in Fluor’s
Farnborough, U.K., office.
“Fluor has supported clients and executed Middle East projects for more
than 50 years,” said Peter Oosterveer, president of Fluor's Energy &
Chemicals Group. “During that time we have developed a strong
relationship with KOC by partnering with them and offering support with
project development and management for its capital spending program.
This new agreement strengthens that partnership and we are excited to
provide our continued expertise to their projects.”
KOC is a wholly-owned subsidiary of KPC, which is the government-owned
entity responsible for Kuwait's hydrocarbon interests throughout the
world. As part of the global energy industry, KPC helps to supply the
world with vital oil and gas resources through the exploration,
production, refining, transporting and marketing of crude oil and
products in Kuwait and internationally.
About Fluor Corporation
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered
with its clients to design, build and maintain many of the world's most
challenging and complex capital projects. Through its global network of
offices on six continents, more than 41,000 employees provide
comprehensive capabilities and world-class expertise in the fields of
engineering, procurement, construction, commissioning, fabrication,
operations, maintenance and project management. Today, the company
serves a global client base in the energy, chemicals, government,
industrial, infrastructure, operations & maintenance, manufacturing &
life sciences, mining, power and transportation sectors. Headquartered
in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had
revenue of $27.6 billion in 2012. For more information, visit www.fluor.com
and follow us on Twitter at @FluorCorp.
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Fluor LimitedMedia RelationsBrian Mershon, +1-864-281-6484mobile +1-864-569-5526orJanet Kearns, 44 (0) 252 292039