Fluor Corporation’s (NYSE: FLR) Brazil unit was part of a consortium
awarded a contract by Parnaíba Gás Natural (PGN) for engineering,
procurement and construction (EPC) of a natural gas field development
project in the state of Maranhão, Brazil. The Brazil-based consortium
includes Fluor, Construcap CCPS Engenharia e Comércio and CFPS
Engenharia e Projetos S.A. (CFPS). Fluor will book its portion of the
$100 million contract value in the second quarter of 2015.
PGN is Brazil’s leading private gas exploration and production company,
working primarily in the Parnaíba Basin. The consortium will be
responsible for the EPC of an 8.5 million-cubic-meters-per-day gas
gathering system in the Gavião Branco field, as well as a gas pipeline
that will transport the gas to an existing production and treatment
facility located at the Gavião Real field.
“This award represents a key EPC project for Fluor in Brazil,” said Jim
Brittain, president of Fluor’s Energy & Chemicals Americas business
line. “It speaks to the value of working closely with our client,
starting with the project definition, to identify and implement the most
capital efficient integrated solution.”
“This project is the result of the growing relationship between Fluor
and Construcap that started with the formation of CFPS in 2012,” said
Andrés Beran, vice president of sales for Latin America. “We are focused
on bringing integrated project solutions to our clients in Brazil to
support their business growth.”
This EPC contract follows an award
to the consortium earlier this year for the initial engineering and
design work for the project. Work has begun in CFPS’s São Paulo, Brazil
office, and is expected to be complete in early 2016.
About Parnaíba Gás Natural
Parnaíba Gás Natural (PGN) is an independent exploration and production
(E&P) company which operates in the Parnaíba Basin, Maranhão State,
Brazil. PGN operates three fields and seven exploration blocks,
amounting to 7,000 square kilometers. With an average gas production of
5.5 million cubic-meters-per-day, Parnaíba Gás Natural is one of the
largest gas producers in Brazil. Visit PGN at: www.pgnsa.com.br.
About CFPS
Formed in 2012, CFPS
is a 50-50 joint venture between Fluor and Construcap that delivers
engineering, procurement and construction management services to
Brazilian clients in oil & gas, chemical, power generation, mining and
manufacturing markets. CFPS provides a full range of engineering
services, including process simulation, project integration, integrated
automation process and interactive modeling in 3D and 4D.
About Construcap
Construcap CCPS Engenharia e Comércio is among the top eight
construction firms in the highly competitive Brazilian market.
Headquartered in São Paulo, Brazil with more than 8,000 employees, the
company stands out for the quality of its performance and is frequently
recognized as one of the best companies in its industry. For more than
70 years, Construcap has served clients from the public and private
sectors developing and implementing a broad spectrum of works such as
roads, railroads, airports, water and sanitation infrastructure,
commercial and industrial buildings, hospitals, etc. Visit Construcap at www.construcap.com.br.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and construction
firm that designs and builds some of the world's most complex projects.
The company creates and delivers innovative solutions for its clients in
engineering, procurement, fabrication, construction, maintenance and
project management on a global basis. For more than a century, Fluor has
served clients in the energy, chemicals, government, industrial,
infrastructure, mining and power market sectors. Headquartered in
Irving, Texas, Fluor ranks 109 on the FORTUNE 500 list. With 40,000
employees worldwide, the company's revenue for 2014 was $21.5 billion.
Visit Fluor at www.fluor.com
and follow on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222