Fluor Wins FEED Contract for LNG Terminal in Malaysia

Monday, April 2, 2012 11:49 pm EDT

Dateline:

IRVING, Texas & KUALA LUMPUR, Malaysia

Public Company Information:

NYSE:
FLR
US3434121022
"This LNG terminal will help address additional power generation needs, which in turn, will contribute to further industrial and economic development in the region."

IRVING, Texas & KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today following a formal signing ceremony in Kuala Lumpur, Malaysia, that it was awarded a contract by PETRONAS Gas Berhad, a subsidiary of PETRONAS, to provide front-end engineering and design (FEED) services for a new liquefied natural gas (LNG) regasification terminal in Malaysia. The new terminal will supply gas to an adjacent 300-megawatt combined cycle power plant in the town of Lahad Datu, Sabah. Fluor booked the undisclosed contract value in the first quarter of 2012.

“We are pleased to add another significant LNG project to the growing relationship between the PETRONAS Group and Fluor in Malaysia,” said Ken Choudhary, senior vice president of Fluor’s Energy & Chemicals business. “This LNG terminal will help address additional power generation needs, which in turn, will contribute to further industrial and economic development in the region.”

Fluor will be utilizing local subcontractors and suppliers for various facets of the project.

This contract further consolidates Fluor’s position in Malaysia where the company is performing other projects in the oil refining sector and in the LNG regasification business and where significant project growth opportunities are expected in the near term.

Fluor was previously part of a joint venture that provided PETRONAS with preliminary engineering services for a new LNG liquefaction plant at the existing facility in Bintulu, Malaysia.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded in 1912, John Simon Fluor Sr. started the company 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.

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

   

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