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Fluor Selected to Work on $3 Billion Refinery Upgrade; Initial Scope of Work Focuses on Front-end Engineering and Design

Wednesday, October 25, 2006 08:08 AM

IRVING, Texas--(BUSINESS WIRE)--Fluor Corp. (NYSE:FLR) has been awarded program management, construction management, and three major engineering and fabrication packages from BP Products North America Inc. for its $3 billion Canadian Heavy Crude Refinery Upgrade in Whiting, Ind. The initial new award of approximately $300 million will be booked in Fluor's fourth quarter.

"We are very pleased that BP entrusts Fluor to manage and engineer one of the most significant capital investments in the history of BP's North American refining business," said Jeff Faulk, president of Fluor's Energy & Chemicals business group. "We have a long history of success working for BP, and we have been given the opportunity to further this success story at Whiting."

The scope of work that Fluor has been awarded includes the overall integrated program management and construction management; plus the independent engineering, procurement, and fabrication of three major work packages, including a revamped crude distillation unit, a gas oil hydrotreater and the refinery infrastructure facilities to support the additional heavy crude oil processing.

Front-end engineering design is currently under way at Fluor's Sugar Land, Texas, office.

Construction on the project is tentatively scheduled to begin in 2007, with completion by 2011. The construction workforce at the Whiting site is projected to be approximately 2,500 workers.

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 $13.2 billion in 2005. For more information, visit www.fluor.com.

Fluor Corporation, IrvingMedia RelationsKeith Stephens, 469-398-7624orSteve Roth, 469-398-7623orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222469-398-7277 fax

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