Fluor Secures Tank Farm Contract in Canada’s Athabasca Oil Sands

abarrelfullabarrelfull wrote on 29 Apr 2015 14:39

Fluor Corporation (NYSE: FLR) was awarded an engineering, procurement, fabrication and construction (EPFC) contract by Suncor Energy Oil Sands Limited Partnership for a tank farm development project in the Athabasca oil sands region in Alberta, Canada. Fluor booked the contract for an undisclosed value in the first quarter of 2015.

The project will provide storage and blending for hot bitumen in preparation for pipeline transport to the Athabasca Tank Terminal. In addition to the tank farm, Fluor’s scope of work includes the connecting pipeline.

“The project allows Fluor to capitalize on our experience delivering engineering, procurement, fabrication and construction excellence in Canada’s Athabasca region,” said Jim Brittain, president of Fluor’s Energy & Chemicals business in the Americas. “By implementing an integrated services approach using our fabrication and module assembly resources, we will drive capital efficiencies and delivery predictability.”

Fluor recently completed the front-end engineering and design work for the project. The EPFC phase of the project, led by Fluor’s Calgary office, began in March 2015. Commercial operations are expected to begin in April 2017.

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