Fluor Corporation (NYSE: FLR) today announced
that it has been selected by Ultramar, a wholly owned subsidiary of
Valero Energy Corporation and one of Canada's largest petroleum
refining and marketing companies, to provide engineering and
procurement services related to the production of ultra low sulfur
diesel.
Fluor is providing the services for a new diesel hydrotreater unit at
Ultramar's Jean-Gaulin Refinery near Quebec City, Quebec, which will
produce ultra low sulfur diesel for on-road vehicles, in compliance
with new Canadian regulations that take effect, June 1, 2006. Fluor
also is performing the front-end design for the project's utilities and
offsite facilities including those related to steam generation, water
treatment, tankage, heat integration, flare and relief, electrical
distribution, cooling water and firewater distribution.
Approximately $20 million in contract value was booked in the company's
fourth quarter. An undisclosed amount was booked earlier in 2004.
Fluor's office in Calgary, Canada, leads the effort, supported by staff
at other offices including Aliso Viejo, Calif.
Fluor recently completed engineering and procurement services for
Ultramar's Clean Gasoline Program at the same refinery.
In Canada Fluor is a preferred contractor of full engineering,
procurement, construction, and maintenance services for Canadian and
international customers in a variety of industries, including oil and
gas. Fluor has been executing work in Canada since 1949 and has
maintained an office in Calgary, Alberta, since 1973.
Fluor Corporation (NYSE:FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations,
maintenance and project management. Headquartered in Aliso Viejo,
Calif., Fluor is a FORTUNE 500 company with revenues of nearly $9
billion in 2003. For more information, visit www.fluor.com.
CONTACT: Jerry Holloway, Media Relations
Tel: +1 949 349 7411
Leann Vandergrift, Media Relations
Tel: +1 949 349 7420
Lila Churney, Investor Relations
Tel: +1 949 349 3909
Fax: +1 949 349 5375
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