Irving-based Fluor awarded $334 million contract by Kuwait Oil Company

by PegNews wire

IRVING — Fluor Corporation announced today that it won a five-year $334 million consultancy services contract to provide overall program management on several projects for Kuwait Oil Company (KOC). Fluor will provide project and construction management and other services for new facilities and upgrading of existing facilities. The company plans to book the first two years of the contract, or approximately $90 million, in the first quarter 2008.

"This contract award enables us to provide comprehensive services and continuity to KOC while leveraging the extensive experience of our 400-person project team located in both Kuwait and U.K.," said David Seaton, president of Fluor's Energy & Chemicals Group. "We anticipate supporting KOC in its overall 2020 business objectives of reaching optimum oil field capacity and enhancing its facilities."

The new capital projects include the development of oil gathering centers, gas booster stations and export facilities for KOC, which is the upstream operating company of Kuwait Petroleum Corporation. Fluor is also currently performing work for Kuwait National Petroleum Company and Petroleum Industries Company, both subsidiaries of Kuwait Petroleum Corporation.

Fluor Corporation provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management.

Source: Fluor Corp.