Fluor Awarded EPCM Services Contract for Woodside's Gas Assets in Australia

abarrelfullabarrelfull wrote on 29 Jun 2011 17:32
Tags: australia fluor services woodside

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Fluor Corporation (NYSE: FLR) announced today that it has finalized a major services agreement with Woodside Energy Limited to provide engineering, procurement and construction management (EPCM) services for Woodside's operating assets. Fluor's initial contract term is for three years, with the option of three one-year extensions available. The undisclosed value will be booked in the second quarter of 2011.

The contract allows Fluor to perform sustaining capital projects for Woodside's Production Projects Group. The EPCM scope of services includes all activities that may be undertaken throughout the project life cycle. The engineering services will be performed in Fluor's Perth, Australia, office with implementation and construction related work at the respective Woodside asset.

"Fluor looks forward to delivering engineering and support services to the rapidly growing liquefied natural gas industry," said Kirk Grimes, president of Fluor's Global Services Group. "This opportunity allows us to expand our range of services to Woodside, for whom we are currently providing engineering and design services at the Browse Basin off the coast of Australia."

"This is the culmination of a relationship-building process our account team began with Woodside two years ago," said Bill Wasilewski, vice president of Fluor's Global Services Group. "The agreement enables us to leverage the expertise of Fluor's oil and gas business with our ongoing operations and maintenance services expertise."

Through its Fluor Offshore Solutions unit, Fluor is currently providing front-end engineering and design (FEED) to Woodside for the Browse LNG Development, which is located about 425 kilometers north of Broome off the northwest coast of Australia.

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