(l To R) Paul Cox, Managing Director Vopak Terminal Durban (Pty) Ltd And Fluor's General Manager Sub-Saharan Africa, Alejandro Escalona. (Photo: Business Wire)

Fluor Corporation (NYSE: FLR) announced today that it was awarded an engineering, procurement and construction management contract by Vopak Terminal Durban (Pty) Ltd. to deliver the Vopak Growth 4 Project in Durban, South Africa. Fluor booked the undisclosed contract value in the fourth quarter of 2017.

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(l to r) Paul Cox, managing director Vopak Terminal Durban (Pty) Ltd and Fluor's general manager Sub ...

(l to r) Paul Cox, managing director Vopak Terminal Durban (Pty) Ltd and Fluor's general manager Sub-Saharan Africa, Alejandro Escalona. (Photo: Business Wire)

"This is one of Vopak's largest storage facility projects in South Africa and the largest storage project undertaken by Fluor in Africa," said Al Collins, president of Fluor's Energy & Chemicals business in Europe, Africa and the Middle East.

"We are pleased to assist Vopak with this project where our team will use Fluor's Zero Base Execution SM approach to safely develop fit-for-purpose integrated solutions to optimize the expansion of the facility," said Alejandro Escalona, general manager of Fluor in Sub-Saharan Africa. "Fluor is successfully using Zero Base Execution all over the world to reduce the cost of facilities while improving schedule certainty by aligning the design and execution principles, project drivers and economic needs before design work begins."

The expansion project is part of Vopak's program to facilitate the increased demand for fuel with cleaner specifications in Southern Africa by increasing the capacity of fuel storage at its Durban terminal.

To add value to the project, Fluor will use its global networks to competitively source material and equipment that cannot be sourced locally. Local contractors and vendors will also be used to further develop and sustain the local labor market, enterprises and economy.

Fluor previously completed Vopak's Fuel 2 project at the same location and will similarly execute this project in a safe, socially, economically and environmentally responsible manner to benefit future generations.

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 its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 149 on the Fortune 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on social media at Facebook, Twitter, LinkedIn and YouTube.

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