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Fluor Wins Important Project for Major LNG Complex in Qatar

Source: www.gulfoilandgas.com 11/18/2005, Location: Middle East

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Fluor Corporation announced that its 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 for the initial offplot work will be booked in Fluor's fourth quarter, and its value is undisclosed. The contract authorizes 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.

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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