Fluor
Corporation (NYSE: FLR) announced today that the Construction Owners
Association of Alberta (COAA) named Fluor the 2016 Best Practices Award
winner for the company’s modularization innovation for the Shell Quest
carbon capture and storage (Quest) project. Fluor was recognized for
innovation at the COAA 2016 Best Practices Conference’s awards
presentation last night in Edmonton, Alberta, Canada.
The Quest
project marked the full implementation of Fluor’s innovative,
first-of-a-kind modularization technology, 3rd
Gen Modular ExecutionSM (3rd Gen). 3rd
Gen increases the portion of a facility that can be modularized by
consolidating equipment and components into the modules, allowing for
decentralized electrical and instrumentation distribution. The process
also significantly reduces plot plan footprints. The result is improved
construction and safety performance and reduced onsite labor, material
quantities and capital costs. 3rd Gen helped reduce the plot
plan by 20 percent and capital costs by 30 percent from initial
estimates on the Quest project.
“The results achieved on Quest showcase the capital efficiency and
delivery predictability that 3rd Gen brings to projects,”
said Jim
Brittain, president of Fluor’s Energy & Chemicals business in the
Americas. “Use of 3rd Gen is not just a technology
improvement, but a project execution improvement because it encourages
collaboration between the procurement, construction and operations teams
from day one, thereby creating more efficient designs and execution
strategies. COAA’s recognition that 3rd Gen is an industry
best practice to improve construction performance further confirms the
value it brings to project execution.”
COAA
provides leadership to enable successful project execution in the
Alberta heavy industrial construction and maintenance industries. The
COAA Best Practices awards annually recognize companies and
organizations that have provided outstanding leadership in developing,
implementing and improving industry best practices. The 2016 awards
focused on construction performance and were judged on effective
implementation, as well as industry improvement and sharing, by
respected industry experts.
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 our clients by
delivering innovative and integrated solutions across the globe. With
headquarters in Irving, Texas, Fluor ranks 136 on the FORTUNE 500
list with revenue of $18.1 billion in 2015 and has more than 60,000
employees worldwide. For more information, please visit www.fluor.com
or follow us on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222