Fluor Corporation (NYSE: FLR) announced that its CFPS Engenharia
e Projetos, S.A., consortium with Construcap Engenharia e Comércio was
awarded an engineering and design contract by exploration and production
company Parnaíba Gás Natural (PGN) for a natural gas field development
project in the Parnaiba Basin in Maranhão state in Brazil. PGN is
Brazil’s leading private gas exploration and production company with a
number of concessions in the region. Fluor booked its share of the
contract for an undisclosed value in the first quarter of 2015.
“This project demonstrates the value of the expertise that the Fluor and
Construcap partnership brings to oil, gas and chemical clients in
Brazil,” said Jim
Brittain, president of Fluor’s Engineering & Chemicals business line
in the Americas. “This project for Parnaiba Gas Natural is
representative of our commitment to develop partnerships and provide
value to our clients in Brazil and Latin America, and we look forward to
the successful execution of this work.”
The consortium will be responsible for the engineering and design of a
gas gathering system that will allow PGN to achieve its 2016 production
target. In addition, the project involves a 40-kilometer gas pipeline
that will connect the Gaviao Branco production and treatment facility in
the Parnaiba Basin to the central gas processing facility located in
Maranhão state.
The engineering work will be executed by CFPS in its São Paulo, Brazil,
office.
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 full range of engineering services,
including process simulation, project integration, integrated automation
process and interactive modeling in 3D and 4D.
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 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 6,000 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 more than
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 Relations:Brian Mershon, 469-398-7621orEric Krantz, 281-263-6030orInvestor Relations:Geoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222