Fluor Secures Canadian Oil Sands Contract

abarrelfullabarrelfull wrote on 29 Sep 2014 12:13
Tags: canada engineering n-america suncor total upstream

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Fluor Corporation (NYSE: FLR) was awarded an engineering, procurement, fabrication and construction contract by Fort Hills Energy L.P. for the utilities scope of the Fort Hills oil sands mining project. The project is located about 90 kilometers north of Fort McMurray in Alberta, Canada. Fluor booked the contract for $1.3 billion in the third quarter of 2014.

“Fluor looks forward to delivering our integrated engineering, procurement, fabrication and construction solution to this significant project in Canada’s Athabasca oil sands,” said Jim Brittain, president of Fluor’s Energy & Chemicals business for the Americas region. “Fluor will apply our unique modular design and execution approach using our proprietary 3rd Gen Modular ExecutionSM technology. We will fabricate a significant number of components offsite in order to deliver both schedule and capital efficiencies to Fort Hills.”

The Fort Hills project will be developed as an open-pit truck and shovel mine and is planned to yield 180,000 barrels of bitumen per day at full production. First oil is expected as early as the fourth quarter of 2017.

The Fort Hills project is owned by Fort Hills Energy L.P., a partnership between Suncor Energy, Total E&P Canada Ltd. and Teck Resources Limited.

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