Fluor Awarded Major Offshore Chinese Development Project

abarrelfullabarrelfull wrote on 18 Jan 2013 13:09

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May 8, 2001

Fluor Corporation (NYSE:FLR) today reported that Phillips Petroleum Company has selected its Offshore Services Division to provide engineering services for the Bohai Bay Peng Lai 19-3 Phase II Development Project in the People's Republic of China.

Fluor said the contract initially calls for feasibility studies with options for front-end design, detailed engineering, procurement services, and construction support services. Production from this project is expected in 2005.

Development concepts include tying over 100 wells to either a FPSO vessel or to conventional jacket mounted topsides facilities.

The Bohai Bay Peng Lai 19-3 Phase II Development Project is a co-venture between Phillips Petroleum and the China National Offshore Oil Corporation (CNOOC). CNOOC's Production Research Center will join with a Fluor team based in Houston to perform the work.

With 2000 revenues of $10 billion Fluor Corporation is one of the world's largest, publicly owned engineering, construction, maintenance, and diversified business services companies.

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