Fluor Awarded EPC Contract for Philippines Project

Fluor Corporation (NYSE: FLR) announced that Fluor Offshore Solutions, a
unit of Fluor, has been awarded an engineering, procurement and
construction (EPC) support contract for Phase 3 of the Malampaya Deep
Water Gas-to-Power Project. The project is being undertaken on behalf of
the Philippine Government by the Service Contract 38 consortium composed
of Shell Philippines Exploration B.V. (Operator), Chevron Malampaya LLC
and Philippine National Oil Company—Exploration Corporation. This
landmark project is among the most significant in the Philippines.
Approximately 40 percent of the power for the main island of Luzon is
generated by power plants using Malampaya gas. This new contract follows
Fluor's successful completion of the front-end engineering and design
(FEED) contract for Phase 3. Fluor booked the

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