Fluor Awarded EPCM Contract for RasGas' Common Offplot Projects

Fluor subsidiaries have been awarded a contract by Ras Laffan Liquefied Natural Gas Company Limited (3) to provide the initial phase of engineering, procurement and construction management services (EPCM) for RasGas' Common Offplot Projects in Qatar. The contract authorises Fluor to proceed with a portion of the scope, with the balance of the project, which has an estimated value of more than US$1 billion, to be released early next year.

The scope of the EPCM contract covers common offplot facilities required to support a significant number of new projects in Ras Laffan, including six world scale LNG trains, which will be utilizing gas from the North Field. These offplot facilities include utilities, tankage and equipment required to enable storage and loading operations of liquefied petroleum gas and condensates produced from these operations. Work for this initial phase will be performed in Fluor's Houston office. Ultimately, the LNG and related products that are processed at the Ras Laffan complex will be exported to meet the world's growing energy demand.

"We are very proud that RasGas has put its trust in Fluor for this important project. This is a strategically important award for our company and builds upon our strategy to grow the company's presence in the Middle East. We have been active in the region for more than 55 years and in Qatar for 25 years," said Jeff Faulk, Fluor's group president of Energy & Chemicals.

Commenting on this significant development, RasGas Venture Manager Dave Marchak said, "Signing this contract is a major step in providing key infrastructure to further develop Qatar's leading position in the gas industry."

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Posted 22/11/05

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