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Fluor Awarded FEED Contract For Qatar Petroleum / Shell Al-Karaana Petrochemical Project

Stocks in this article: FLR

Fluor Corporation (NYSE: FLR) announced today that it has been awarded a front-end engineering and design (FEED) contract by Qatar Petroleum (QP) and Shell Global Solutions for a proposed grassroots petrochemical project located in Ras Laffan Industrial City, Qatar. Fluor will book the undisclosed contract value into backlog in the first quarter of 2013.

“Fluor is focused on continuing our long-term relationship with both QP and Shell, and we are pleased to have been selected to perform the FEED stage of this project, which could become the cornerstone of future petrochemical development projects planned for Qatar,” said Peter Oosterveer, president of Fluor’s Energy & Chemicals Group. “The Middle East is an extremely important region for Fluor, and we are honored that QP and Shell have selected our experienced petrochemical team for this project.”

The potential scope of the Al-Karaana petrochemical project includes a mix-feed steam cracker, two train monoethylene glycol units, linear alpha olefins and oxo alcohol units, and required utilities, infrastructure and offsites. Fluor will lead the FEED project execution from its Haarlem, the Netherlands, office with support from other global Fluor locations.

About Fluor Corporation

For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, more than 40,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 124 on the FORTUNE 500 list and had revenue of $27.6 billion in 2012. For more information visit www.fluor.com.



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