Project completed safely, on time and on budget
Fluor
Corporation (NYSE: FLR) announced today that its consortium has met
substantial completion on the Gavião Branco facility in the state of
Maranhão, Brazil, turning it over to Parnaíba Gás Natural (PGN),
Brazil’s leading private gas exploration and production company.
The consortium performed basic and detailed engineering, procurement,
construction, commissioning and start-up of an 8.5
million-cubic-meters-per-day gas gathering system in the Gavião Branco
field, as well as a 70-kilometer-gas pipeline, under a demanding
12-month schedule. The consortium included Fluor; Construcap CCPS
Engenharia e Comércio S.A. (Construcap), the consortium leader; and CFPS
Engenharia e Projetos S.A. (CFPS), a joint venture of Fluor and
Construcap. The consortium significantly optimized the facility’s design
to reduce capital investment costs, while maintaining the original
completion date. The project brings the Gavião Branco field into
commercial operation, enables the tie-in of the Gavião Branco Sudeste
field in the first quarter of 2016 and will provide the tie-in point for
Gavião Caboclo and Gavião Branco Norte in the future.
“The consortium leveraged the organizations’ strengths, such as
Construcap’s experienced construction workforce in Brazil and Fluor’s
flow assurance expertise, to deliver an optimized solution that was
executed safely, on time and on budget,” said Jim
Brittain, president of Fluor’s Energy & Chemicals Americas business
line. “The successful start-up of this facility is a testament to the
capital efficiency and schedule certainty that the Fluor and Construcap
team brings to clients in Brazil.”
“Completion of this schedule-driven project is a milestone for
Construcap in our relationship with Fluor,” said Roberto Capobianco,
president of Construcap. “We are proud to have met all of our
commitments to PGN, bringing value to their business and enabling them
to meet their obligations to their customers, shareholders and
regulatory authorities. We look forward to continuing to build this
strategic relationship.”
Based on the results of this project, PGN has retained the consortium to
deliver master planning services for future developments in the Parnaíba
Basin.
About CFPS
CFPS Engenharia e Projetos S.A. (CFPS), a joint venture between
Construcap and Fluor, provides engineering, procurement and construction
solutions for clients in the energy and chemicals, industrial,
infrastructure, mining, metals and power market segments in Brazil. For
more information, visit http://www.cfps.com.br/.
About Construcap
Construcap is a privately-held Brazilian construction company founded in
1944. It serves a number of industries including oil & gas,
infrastructure, power, mining & metals, automotive & manufacturing.
Construcap had 2014 revenue of R$1,487,602,000.00 with 6,900 employees.
Its success is based on a continuous development process and in
technological innovation with a constant concern about social
responsibility and respect for the environment. For more information,
visit www.construcap.com.br.
About Fluor Corporation
Fluor
Corporation (NYSE: FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that designs, builds
and maintains capital-efficient facilities for its clients on six
continents. For more than a century, Fluor has served clients by
delivering innovative and integrated solutions for our clients in the
energy, chemicals, government, industrial, infrastructure, mining and
metals, and power market sectors. With headquarters in Irving, Texas,
Fluor ranks 136 on the FORTUNE 500 list with revenue of $18.1
billion in 2015 and has 44,000 employees worldwide. For more
information, please visit www.fluor.com
or follow us on Twitter @FluorCorp.
Fluor CorporationMedia Relations:Brian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor Relations:Geoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222