Fluor Secures Sakhalin-1 Chayvo Contract in Russia

abarrelfullabarrelfull wrote on 21 Jan 2013 21:01

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Friday, August 7, 2009

Fluor Corporation (NYSE: FLR) announced today that its Russian joint venture Sakhalin Neftegas Technology LLC was awarded a contract by Exxon Neftegas Limited, on behalf of the Sakhalin-1 Consortium, for expanding its Chayvo Onshore Processing Facility (OPF) located on Sakhalin Island off the east coast of Russia. Fluor and SakhalinNIPImorneft are joint venture partners in Sakhalin Neftegas Technology. Fluor booked the approximately $700 million contract in the first quarter of 2009.

“Helping our clients execute vast and complex projects in remote and demanding geographic regions of the world is one of Fluor’s key strengths,” said David Seaton, senior group president of Fluor Corporation. “We are proud that we were chosen for this strategically important project.”

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