Fluor Wins Best Practices Award for Modularization Innovation

Wednesday, May 11, 2016 4:08 pm EDT

Dateline:

IRVING, Texas & CALGARY, Alberta

Public Company Information:

NYSE:
FLR
US3434121022

.@FluorCorp wins #COAA Best Practices Award for #QuestCCS modularization innovation

IRVING, Texas & CALGARY, Alberta--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the Construction Owners Association of Alberta (COAA) named Fluor the 2016 Best Practices Award winner for the company’s modularization innovation for the Shell Quest carbon capture and storage (Quest) project. Fluor was recognized for innovation at the COAA 2016 Best Practices Conference’s awards presentation last night in Edmonton, Alberta, Canada.

The Quest project marked the full implementation of Fluor’s innovative, first-of-a-kind modularization technology, 3rd Gen Modular ExecutionSM (3rd Gen). 3rd Gen increases the portion of a facility that can be modularized by consolidating equipment and components into the modules, allowing for decentralized electrical and instrumentation distribution. The process also significantly reduces plot plan footprints. The result is improved construction and safety performance and reduced onsite labor, material quantities and capital costs. 3rd Gen helped reduce the plot plan by 20 percent and capital costs by 30 percent from initial estimates on the Quest project.

“The results achieved on Quest showcase the capital efficiency and delivery predictability that 3rd Gen brings to projects,” said Jim Brittain, president of Fluor’s Energy & Chemicals business in the Americas. “Use of 3rd Gen is not just a technology improvement, but a project execution improvement because it encourages collaboration between the procurement, construction and operations teams from day one, thereby creating more efficient designs and execution strategies. COAA’s recognition that 3rd Gen is an industry best practice to improve construction performance further confirms the value it brings to project execution.”

COAA provides leadership to enable successful project execution in the Alberta heavy industrial construction and maintenance industries. The COAA Best Practices awards annually recognize companies and organizations that have provided outstanding leadership in developing, implementing and improving industry best practices. The 2016 awards focused on construction performance and were judged on effective implementation, as well as industry improvement and sharing, by respected industry experts.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served our clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 136 on the FORTUNE 500 list with revenue of $18.1 billion in 2015 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.

Multimedia Files:

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Simon Nottingham, Vice President and General Manager of Fluor's Calgary Office, accepts the Construction Owners Association of Alberta (COAA) Best Practices Award from Mark Mackay, President of COAA. (Photo: Business Wire)
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Contact:

Fluor Corporation
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Brian Mershon, 469-398-7621
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Brett Turner, 864-281-6976
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Investor Relations
Geoff Telfer, 469-398-7070
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Jason Landkamer, 469-398-7222

   

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