Fluor/AMEC Alliance to Build World's Largest Deep-Water Oil Processing Project for Division of ExxonMobil in Africa

abarrelfullabarrelfull wrote on 18 Jan 2013 21:49

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Monday, November 12, 2001

Fluor Corporation (NYSE: FLR) and AMEC (London: AMEC) today announced that their Fluor Daniel/AMEC alliance (AFD) has been named by Hyundai Heavy Industries of South Korea as its subcontractor to design and manage a major portion of what will be the world's largest deep- water crude oil production facility for Esso Exploration Angola Limited, a subsidiary of ExxonMobil Corporation (NYSE: XOM).

AFD will provide engineering and procurement assistance for the topsides and project management services for the floating production, storage and offloading (FPSO) facility located off the coast of the West African nation of Angola. The FPSO will have a processing target of 250,000 barrels per day and a storage capacity of more than 2.2 million barrels.

With production expected in 2004, the $3 billion world-class Kizomba A Development project in Angola's Block 15 has recoverable resources of approximately 1 billion barrels of oil. Kizomba A will develop discoveries in water depths of 3,300 - 4,200 feet.

"Our three companies — Fluor, AMEC and Hyundai — have joined forces to contribute our individual strengths of project management, topsides engineering, shipbuilding and fabrication needed to successfully build and deliver what will be the largest FPSO ever undertaken," said Fluor's Kirk Grimes, group executive, Energy & Chemicals.

AFD will carry out the design work and provide overall program management services from Fluor's Houston, Texas facility. Fabrication and integration of the hull and topsides will be executed by Hyundai at its facility in Ulsan, South Korea, and then transported to the site for installation. At its peak, AFD said it expects to deploy approximately 350 workers to the project, which will represent some 600,000 effort hours overall.

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