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Fluor to Provide Engineering Services to Williams for Chemical Project in Canada

Wednesday, January 30, 2013 6:31 pm EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022
"We are encouraged by the opportunities that the expansion of the Canadian oil sands provides for the chemicals industry in North America."

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it was awarded a contract by Williams (NYSE: WMB) to provide preliminary engineering services for a proposed propane dehydrogenation (PDH) project near Redwater, Alberta, Canada. Fluor booked the contract in the fourth quarter of 2012 for an undisclosed value.

The proposed PDH facility would primarily use the propane recovered at Williams’ existing fractionation facility in Redwater, Alberta, and convert it into polymer-grade propylene, a petrochemical feedstock used in plastics manufacturing.

“Fluor is pleased to have been selected by Williams to provide preliminary engineering services for what would be Canada’s first propane dehydrogenation facility,” said Peter Oosterveer, president of Fluor’s Energy and Chemicals Group. “We are encouraged by the opportunities that the expansion of the Canadian oil sands provides for the chemicals industry in North America.”

Fluor’s offices in Calgary, Alberta, and Greenville, South Carolina, will be responsible for the design services along with support from the company’s office in New Delhi, India.

About Fluor Corporation

For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, Fluor's 43,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 124 on the FORTUNE 500 list and had revenue of $24.3 billion in 2011. For more information, visit www.fluor.com.

Contact:

Fluor Corporation
Media Relations
Keith Stephens, 469-398-7624
or
Brian Mershon, 469-398-7621
or
Investor Relations
Ken Lockwood, 469-398-7220
or
Jason Landkamer, 469-398-7222