Fluor Joint Venture Awarded Contract for Tengizchevroil's Wellhead Pressure Management Project in Kazakhstan

abarrelfullabarrelfull wrote on 04 May 2012 05:38
Tags: c-asia chevron fluor kazakhstan services

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Fluor Corporation (NYSE: FLR) announced today its joint venture with WorleyParsons, the Kazakh Institute of Oil and Gas (KING) and KazGiproNefteTrans Engineering Company (KGNT EC) was awarded a contract by Tengizchevroil, LLP (TCO) for its Wellhead Pressure Management Project in Kazakhstan. Fluor booked its share of the undisclosed project value into its backlog in the first quarter of 2012.

The Wellhead Pressure Management Project will support ongoing operations of the Tengiz field.

The Fluor-led joint venture will work together to train and enhance the engineering and construction skills of the local workforce with a high priority on safety, thereby creating a long-term sustainable workforce in the region.

"It is very gratifying to be chosen for this new project for TCO, and we are especially pleased that two excellent local Kazakhstani companies, KING and KGNT, are part of our joint venture with WorleyParsons," said Peter Oosterveer, president of Fluor's Energy & Chemicals Group. "We have worked continuously for TCO in Kazakhstan for more than 10 years with recently completed projects. This new project will create many opportunities for further development of the Kazakhstani oil and gas infrastructure, workforce and local companies."

Chevron has a 50 percent interest in Tengizchevroil. Other partners are KazMunaiGas, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent; and LUKArco, 5 percent.

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