Major EPCM deals in Qatar and Abu Dhabi nudge specialist contractor Fluor into the premier league
Fluor delivers engineering, procurement, construction, maintenance (EPCM), and project management worldwide. Founded as a construction company in 1912, Fluor quickly built a reputation for applying innovative methods and performing precise engineering and construction work within the emerging petroleum industry.
Fluor is active in the Middle East, and has been awarded several projects recently. In May Fluor reported that its offshore unit was awarded a front-end engineering and design (FEED) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for offshore facilities located at the Umm Lulu field about 30 kilometres northwest of Abu Dhabi.
In April, Qatar National Facilities Services, a new venture partly owned by Fluor, signed a major five-year maintenance contract with Qatar Shell Gas-to-Liquids Limited for its Pearl Gas-to-Liquids (Pearl GTL) project in the industrial city of Ras Laffan. In September Fluor announced that it had completed a US$1.5 billion EPCM project for RasGas in Ras Laffan City, Qatar. Flour’s net earnings for 2009 declined 4% to $685 million, compared with a record $716 million in 2008. Consolidated profit for the year was $1.25 bn, down 3% from $1.29 bn a year ago.
