Fluor
Corporation (NYSE: FLR) announced today its joint venture
team, KPJV, has been selected by Tengizchevroil LLP (TCO) to execute the
front-end engineering and design (FEED) for the Multi-Phase Pump Project
in Kazakhstan. Fluor booked its share of the contract value in the
fourth quarter of 2016.
Part of TCO’s major capital program, the project will implement
multi-phase pump technology across the gathering network of existing oil
and gas facilities at the Tengiz and Korolev fields to maintain crude
production by reducing wellhead pressure and increasing well
deliverability. The project also includes the modification or upgrade of
some utility systems.
“Fluor is delighted to have been selected by TCO for this important
operational project,” said Al Collins, president of Fluor’s Energy &
Chemicals business in Europe, Africa and Middle East. “Through early
involvement, we can optimize design and construction solutions and
provide a strong foundation for the project’s advancement. We will
leverage our team’s extensive knowledge of executing oil and gas
projects in Kazakhstan to deliver the project in a safe and efficient
manner without disruption to production.”
The project scope includes FEED, detail design and procurement services.
The integrated project team will be based at Fluor’s Farnborough, UK
office, providing strong links to TCO’s Future Growth Project – Wellhead
Pressure Management team also located in the office.
Fluor began working in Kazakhstan in 1982 and at Tengiz in 1997 on a
condensate stabilization project. Since then, Fluor has performed
ongoing work in Kazakhstan on numerous additional projects. KPJV is
currently executing the world-scale Future
Growth Project.
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 155 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.
About Tengizchevroil (TCO)
Tengizchevroil LLP is a Kazakhstani partnership that explores, develops,
produces and markets crude oil, LPG, dry gas and sulfur. TCO conducts
its operations in accordance with world-class safety and environmental
standards. In April 1993, Tengizchevroil was formed between the Republic
of Kazakhstan and Chevron Corporation. Current partners are: Chevron
Overseas Company, 50 percent; KazMunayGas NC JSC, 20 percent; ExxonMobil
Kazakhstan Ventures Inc., 25 percent and LUKARCO B.V., 5 percent.
Fluor CorporationGlobal Media RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222orEAME Media RelationsJanet Kearns, +44 1252 292039/+44 7802 373466