Fluor Selected by Petrobras Affiliate for U.S. Refinery Study

abarrelfullabarrelfull wrote on 03 Apr 2012 10:50

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Feb 02, 2010

Fluor Corporation (NYSE: FLR) announced today that Pasadena Refining System, Inc. (PRSI), a subsidiary of Petroleo Brasileiro S.A. - PETROBRAS (NYSE: PBR), has selected Fluor to provide front-end engineering study services for a prospective U.S. refinery project. Fluor booked the undisclosed contract value in the fourth quarter of 2009.
Fluor will provide engineering, estimating and project management services for the conceptual engineering phase of the prospective project that would enhance the performance of the 100,000 barrel-per-day Pasadena, Texas, refinery.

"This is an important U.S. refining project for Fluor and PRSI," said Peter Oosterveer, president of Fluor's Energy and Chemicals business group. "We have been fortunate to be involved in other recent U.S. refining projects having similar project characteristics, and we believe our demonstrated project experience will bring significant value to PRSI. We will work closely with PRSI to make this project a success."

The engineering study is currently underway in Fluor's Sugar Land, Texas, office and will be completed later this year.

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