Fluor Lands Santos LNG Work for $3.5B

Fluor was awarded an engineering, procurement and construction (EPC) contract by Santos for its Gladstone Liquefied Natural Gas (GLNG) project in Queensland, Australia. Fluor's EPC contract includes upstream facilities associated with the 7.8 million tonne-per-year liquefied natural gas (LNG) project that will extract and liquefy gas from coal deposits for eventual export to Asia and other global markets. Fluor booked $3.5 billion in its fourth quarter of 2010 for this new contract.

"Fluor looks forward to continuing its close working relationship with Santos, the GLNG partners and the state of Queensland in assisting them to become a leading supplier of LNG to key economies in Asia," said Peter Oosterveer, president of Fluor's Energy & Chemicals Group. "Fluor shares Santos' and the partners' commitment to build this landmark clean energy project with the highest performance in safety and project execution while maintaining world-class environmental standards and close engagement with the local communities."

Fluor was previously awarded the upstream front-end engineering design contract in June 2009 by Santos for the GLNG project and the early works contract in May 2010.