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Fluor Awarded Five-Year Contract by Kuwait Oil Company

Source: www.gulfoilandgas.com 1/7/2008, Location: Middle East

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Fluor Corporation won a five-year $334 million consultancy services contract to provide overall program management on several projects for Kuwait Oil Company (KOC). Fluor will provide project and construction management and other services for new facilities and upgrading of existing facilities. The company plans to book the first two years of the contract, or approximately $90 million, in the first quarter 2008.

Fluor had previously provided these consultancy services to KOC from 2003 to 2007 under a similar five-year contract.

The new capital projects include the development of oil gathering centers, gas booster stations and export facilities for KOC, which is the upstream operating company of Kuwait Petroleum Corporation. Fluor is also currently performing work for Kuwait National Petroleum Corporation and Petroleum Industries Company, both subsidiaries of Kuwait Petroleum Company.

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