Market Overview

Fluor Awarded Clean Fuels Contract by SAPREF in South Africa

IRVING, Texas & JOHANNESBURG--(BUSINESS WIRE)--

Fluor Corporation (NYSE: FLR) announced today that it was awarded a front-end engineering and design (FEED) contract by South African Petroleum Refineries (SAPREF) for its Clean Fuels II Project in Durban, South Africa. The undisclosed contract value was booked in the first quarter of 2013.

“This award builds on our significant clean fuels expertise as well as Fluor's ongoing site support work with SAPREF in South Africa for nearly 20 years,” said Peter Oosterveer, president of Fluor's Energy & Chemicals Group.

This new contract will be the first to be executed in Africa under Shell's enterprise framework agreement with Fluor that encompasses engineering and project management services throughout Europe, Africa and the Middle East.

The project will enable a substantial upgrade of the SAPREF refinery, thereby improving the quality of transportation fuels by reducing levels of sulfur, benzene and aromatics, thereby meeting enhanced legislative requirements. The agreement allows for the potential of an engineering, procurement and construction management (EPCM) contract to be signed at a later date.

SAPREF is a joint venture between Shell SA Refining and BP Southern Africa and is the largest crude oil refinery in the region representing 35 percent of South Africa's refining capacity.

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.

Fluor Corporation
Media Relations
Keith Stephens, 469-398-7624
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Brian Mershon, 469-398-7621
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Investor Relations
Ken Lockwood, 469-398-7220
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Jason Landkamer, 469-398-7222

 

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