Fluor Secures Sasol’s Tar Separator Replacement Project in South Africa

Tuesday, July 10, 2012 6:49 am EDT

Dateline:

IRVING, Texas & JOHANNESBURG

Public Company Information:

NYSE:
FLR
US3434121022
"The tar separators feed all four phases of Sasol’s Secunda complex and we’re honored by the trust Sasol has placed in Fluor to perform this project."

IRVING, Texas & JOHANNESBURG--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it has begun work on a new project for Sasol Technology Pty. Ltd. in South Africa for its Tar Separator Project. The new contract is for engineering, procurement and construction management (EPCM) services for the replacement of 24 duplex stainless steel separator tanks. The undisclosed contract value was booked in the second quarter.

“Fluor is pleased to continue its ongoing 45-year relationship with Sasol for this important new Tar Separator Project,” said Peter Oosterveer, president of Fluor’s Energy & Chemicals Group. “The tar separators feed all four phases of Sasol’s Secunda complex and we’re honored by the trust Sasol has placed in Fluor to perform this project.”

The purpose of the gas liquor separation units is to separate various gaseous, liquid and solid components from the gas liquor streams that originate in the gasification, gas cooling, rectisol and phenosolvan units. Engineering is under way with construction to begin in the fourth quarter of 2012. The 24 separation units weigh between 80 and 100 tons each.

Construction will begin using shifts working 24-hours-per-day, seven days-per-week to shorten the construction schedule and to enable ongoing production while the project is under way. Construction is expected to be complete by mid-2015.

Fluor originally performed as the EPC firm for Sasol’s 2 & 3 plants in Secunda in the 1970s. The facility remains the largest coal-to-liquids facility in the world to this day. More recently, Fluor executed the Secunda Growth Programme for Sasol that included a portfolio of projects totaling $2 billion in total installed cost.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded in 1912, the company was started by John Simon Fluor Sr. with a modest investment of $100. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. Fluor is celebrating its 100th anniversary during 2012.

Today, through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011. For more information, visit www.fluor100.com and www.fluor.com.

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Fluor Corporation
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Brian Mershon, 469-398-7621
or
Investor Relations:
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222

   

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