Fluor Wins Offshore FEED Contract in Abu Dhabi
Fluor Corporation (NYSE:FLR) announced today that its Fluor Offshore Solutions unit has been awarded a front-end engineering and design (FEED) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for offshore facilities located 120 kilometers off the northwest coast of Abu Dhabi City. The Satah Al-Razboot (SARB) Full Field Development Project includes an untapped oil field that will prospectively pump 100,000 barrels per day. Fluor booked the undisclosed contract value in the first quarter of 2010.
“This marquee project in the Middle East is important to the continued economic growth and development of Abu Dhabi,” said Peter Oosterveer, president of Fluor’s Energy & Chemicals Group. “Our ongoing business relationship with ADMA-OPCO as demonstrated by the successful FEED for its Integrated Gas Development Habshan Platform project at the Umm Shalif Super Complex two years ago positioned us well for this opportunity.”
“Fluor Offshore Solutions has a track record of meeting clients’ offshore development needs,” said Jim Heavner, Fluor’s senior vice president for its upstream business line. “Our dedicated offshore professionals are looking forward to assisting ADMA-OPCO with this important project.”