Fluor Selected by Reliance for Project Management of Refinery and Petrochemicals Expansions in India

MUMBAI, India & IRVING, Texas--()--Fluor Corporation (NYSE: FLR) announced today that it was selected by Reliance Industries Limited (RIL) to perform project management services for its projects to be executed at its world-scale Jamnagar refining and petrochemical complex on the west coast of India in Gujarat.

In addition to assisting RIL in project management, Fluor will also perform engineering and procurement services for the pet coke gasification project. The contract amounts were booked in the first quarter of 2012.

RIL’s investment in the expansion of energy and petrochemicals projects represents one of the largest such investments globally. The proposed coke gasification facility is also among the largest such projects ever built.

“These two contract awards that will support Reliance Industries’ next phase of growth in India are also important milestones for Fluor, but most of all, I am truly excited about our relationship with this very important client,” said Peter Oosterveer, president of Fluor’s Energy & Chemicals Group. “Fluor’s global project execution capability coupled with close to 20 years of growing our engineering and technical talent in New Delhi have positioned us for this key project in India. Reliance is a global player in the energy and petrochemical industries and we are poised to successfully deliver value-added projects to meet their capital expansion and operational objectives.”

The scope of the project management services to be provided by Fluor includes several world-scale units including petroleum coke gasification units, refinery off-gas cracker and downstream petrochemical plants, a captive power plant, and associated utilities and offsites.

The completed gasification project will gasify petroleum coke to produce fuel and hydrogen for the expanded refinery and petrochemical complexes and captive power plant as well as feedstock for future chemicals production.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded in 1912, John Simon Fluor Sr. started the company with a modest investment of $100. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. Fluor is celebrating its 100th anniversary during 2012.

Today, through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011. For more information, visit www.fluor100.com and www.fluor.com.

Contacts

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

Release Summary

Fluor Awarded New Contracts in India by Reliance Industries Limited for work on the Jamnagar Refining and Petrochemical Complex

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Contacts

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