COOEC-Fluor Completes Module Fabrication for Huizhou Oilfield Project

Project completed safely and on schedule

Tuesday, September 4, 2018 2:58 pm EDT

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022

COOEC-Fluor completes module fabrication for Huizhou Oilfield Project #China #Offshore

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture COOEC-Fluor Heavy Industries, Co., Ltd. (COOEC-Fluor) fabrication yard has safely completed fabrication of the topsides, living quarters and drilling modules for the CNOOC HZ32-5/33-1 Oilfield Joint Development Project. The modules sailed away on schedule in July, destined for the Huizhou 32-5 oilfield development approximately 105 miles southeast of Hong Kong in the Pearl River Mouth basin of the South China Sea.

“Both the COOEC-Fluor and CNOOC project management teams successfully overcame numerous challenges to complete the onshore construction as scheduled, with zero punch list items for onshore fabrication work,” said Lianfeng Yang, CNOOC’s engineering, procurement and construction project manager. “We look forward to the COOEC-Fluor team successfully completing the close-out activities and sea fastening work.”

The fabrication yard delivered to the aggressive schedule and fabricated the 4,000-ton, 4-deck topsides in less than 12 months with no follow-on work. Safety, a core value of the COOEC-Fluor yard, was at the forefront of all activities and the team achieved 1.5 million work hours without a lost-time incident.

“The project team optimized the fabrication methods and onshore commissioning scope, which minimized the schedule-intensive offshore installation requirements to maintain schedule,” said Chris Vertanness, vice president of Fluor and director of operations at the COOEC-Fluor fabrication yard. “The team’s planning, productivity and execution excellence enabled the delivery of the modules with the safety and schedule certainty our clients expect.”

The platform is expected to continue to produce oil until after 2030.

About Fluor Corporation

Founded in 1912, Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. With headquarters in Irving, Texas, Fluor ranks 153 on the Fortune 500 list with revenue of $19.5 billion in 2017 and has more than 56,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube.

Multimedia Files:

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The CNOOC HZ32-5/33-1 Oilfield Joint Development Project platform. (Photo: Business Wire)
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Brian Mershon, 469-398-7621
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Brett Turner, 864-281-6976
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Jason Landkamer, 469-398-7222

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