Fluor Awarded Utilities and Offsites Contract for Sadara Chemical Company JV in Saudi Arabia
Friday, Aug 05, 2011
Fluor Corporation (NYSE: FLR) announced today that the Saudi Arabian Oil Company (Saudi Aramco) and The Dow Chemical Co. (Dow) (NYSE: DOW) have awarded the firm a reimbursable engineering, procurement and construction management (EPCM) contract for all of the utilities and offsites at the al-Jubail chemical complex in Saudi Arabia. The complex will be owned and operated by the Sadara Chemical Company (Sadara), a joint venture to be formed by Saudi Aramco and Dow. Fluor booked the undisclosed value in the second quarter.
The new chemicals complex is expected to be the largest single-phase development in the world, with a planned investment of $20 billion. Ensuring that the utilities, offsites and infrastructure and interconnecting piping arrangements are timely is a vital component of this unprecedented project.
Fluor’s al-Khobar, Saudi Arabia; Farnborough, UK; Manila, Philippines; and Houston offices will collaborate on delivering the contract requirements.
Fluor has a long-standing relationship with Dow working on many successful projects over the past decades. This significant award has positioned Fluor to re-engage with Saudi Aramco and to continue working with Dow.
Source: Business Wire