Fluor-Led Offshore Project Reaches First Gas

Poinsettia Largest Offshore Platform Installed in Trinidad and Tobago Waters

Monday, February 9, 2009 7:49 am EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its consortium with J. Ray McDermott has successfully installed and reached first gas on its production platform for BG Trinidad and Tobago. Fluor provided the 4,267-ton topsides and all gas production facilities for this Poinsettia project with J. Ray McDermott providing the jacket. Located off the northwest shore of Trinidad in water 530 feet deep, the completed platform is the largest offshore facility ever built and installed in Trinidad and Tobago waters.

“We are pleased to assist our client in reaching their first gas objective using a fast-track engineering, procurement, installation and commissioning (EPIC) approach,” said David Seaton, president of Fluor’s Energy & Chemicals Group. “Not only is this the largest platform ever installed in Trinidad and Tobago waters, the topsides is double that of all previous platforms fabricated in Trinidad while using local labor.”

The Fluor-led consortium began detailed engineering and procurement in August 2006. The Poinsettia platform was ready for gas on December 24, 2008, which flowed through the new subsea well, platform and pipeline on January 14, 2009.

“Fluor Offshore Solutions, through its Trinidad office, drove this project to meet the fast-track schedule,” said Tim Swenk, executive director of operations, Fluor Offshore Solutions, a unit of Fluor Corporation. “We are pleased to help BG Trinidad & Tobago meet its gas production needs on schedule using a customized EPIC execution model.”

The new Poinsettia platform can produce as much as 350 million standard-cubic-feet-per-day of gas, which will be transported via a 20-inch diameter pipeline to the existing BG Trinidad and Tobago Hibiscus platform before final pipeline transmission to shore.

The Fluor-led construction management team worked with Trinidad-based TOFCO to fabricate the platform.

About McDermott

McDermott International, Inc. is an engineering and construction company, with specialty manufacturing and service capabilities focused on energy infrastructure. With its global operations, McDermott operates in more than 20 countries with more than 25,000 employees.

About Fluor

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $16.7 billion in 2007. For more information, visit www.fluor.com.

(FLRG)

Contact:

Fluor Corporation
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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

   

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