IRVING, Texas - Saturday, August 6th 2011 [ME NewsWire]
(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that the SaudiArabian Oil Company (Saudi Aramco) and The Dow Chemical Co. (Dow) (NYSE: DOW) have awarded the firm a reimbursableengineering, procurement and construction management (EPCM) contract for all of the utilities and offsites at the al-Jubail chemical complex in Saudi Arabia. The complex will be owned and operated by the Sadara Chemical Company (Sadara), a joint venture to be formed by Saudi Aramco and Dow. Fluor booked the undisclosed value in the second quarter.
The new chemicals complex is expected to be the largest single-phase development in the world, with a planned investment of $20 billion. Ensuring that the utilities, offsites and infrastructure and interconnecting piping arrangements are timely is a vital component of this unprecedented project.
Fluor’s al-Khobar, Saudi Arabia; Farnborough, UK; Manila, Philippines; and Houston offices will collaborate on delivering the contract requirements.
Fluor has a long-standing relationship with Dow working on many successful projects over the past decades. This significant award has positioned Fluor to re-engage with Saudi Aramco and to continue working with Dow.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $20.8 billion in 2010. For more information, visit www.fluor.com.
Contacts
Fluor Corporation
Media Relations
Keith Stephens,
469-398-7624
Brian Mershon,
469-398-7621
Investor Relations
Ken Lockwood,
469-398-7220
Jason Landkamer,
469-398-7222
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