Fluor Awarded Basic Engineering Services Contract for Natref's Clean Fuels 2 Project in South Africa

Before you go, we thought you'd like these...
Before you go close icon

Fluor Awarded Basic Engineering Services Contract for Natref's Clean Fuels 2 Project in South Africa

IRVING, Texas & JOHANNESBURG--(BUSINESS WIRE)-- Fluor Corporation (NYS: FLR) announced today that it was awarded a contract by Sasol Technology (Pty.) Ltd. to perform basic engineering services associated with the Natref Clean Fuels 2 Project in Sasolburg, South Africa. Natref, the only inland crude refinery in South Africa, is a joint venture between Sasol and Total. The undisclosed contract value will be booked in Fluor's second quarter of 2013.

"Fluor has established a long and successful track record at Natref, including the execution of the initial clean fuels project in 2006," said Peter Oosterveer, president of Fluor's Energy & Chemicals Group. "This new contract further demonstrates Fluor's strong position in the global clean fuels project development arena and our ability to deliver world-class work across Africa."

This award follows the successful completion of a feasibility study and conceptual engineering by Fluor. The purpose of the project is to develop, design and build new process units on the Natref site in Sasolburg to meet the legislated fuel specifications as promulgated by the South Africa government. In addition, some extensive modifications of existing units will be evaluated and considered. One of the key components of the basic engineering phase is to perform detailed up-front planning and to develop a viable and cost-effective project execution strategy to safely drive the efficient delivery of the project within the approved budget, schedule and specification.

The basic engineering phase of the project will initially be led from Fluor's Woodmead office in South Africa with additional expertise from other Fluor global locations.

Fluor has maintained an ongoing presence in South Africa for more than 50 years and recently dedicated its South Africa headquarters office in Woodmead. Today, there are also ongoing operations in Durban, Cape Town, Sasolburg and Secunda with some 700 employees working on Fluor projects in South Africa.

About Fluor Corporation

For more than 100 years, Fluor Corporation (NYS: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, more than 40,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had revenue of $27.6 billion in 2012. For more information, visit www.fluor.com.

Fluor Corporation
Media Relations:
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Investor Relations:
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222

KEYWORDS:   United States  North America  South Africa  Africa  Texas


The article Fluor Awarded Basic Engineering Services Contract for Natref's Clean Fuels 2 Project in South Africa originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading