BP Awards Offshore Platform Work to Fluor

Fluor Corporation has been awarded significant additional work with respect to a new offshore platform under a contract worth approximately $20 million by BP.

BP's Trinidad & Tobago operation has chosen Fluor to provide front-end engineering and design, project engineering, procurement and construction management services for an offshore gas processing platform and other facilities.

Located in Trinidad and Tobago, the completed project will consist of an unmanned offshore platform designed to process one billion cubic feet per day of natural gas, a subsea pipeline to a nearby platform and a land-based facility to collect and meter nearly three billion cubic feet per day of natural gas. The project is scheduled for completion in June 2005.

Fluor has teamed with two Trinidadian companies to execute the project in an integrated environment under Fluor's leadership. It also has established an office in Trinidad, where a single integrated work team will perform engineering, procurement and construction management for this project - a first in Trinidad for an offshore platform project of this size and complexity.

"Fluor is pleased to be able to continue its relationship with BP," said Jeff Faulk, Fluor's group president of Oil, Gas & Power. "But, what we are most excited about is having the opportunity to share our expertise and passion to develop and train Trinidadians with respect to these services."

Fluor's services for this project are being performed pursuant to a seven-year continuing services contract under which Fluor will provide similar services on several BP Trinidad & Tobago brownfield and greenfield projects. Three other projects are nearing execution.

BP Trinidad & Tobago LLC is a significant member of the BP group of companies and one of the major companies in the Trinidad and Tobago energy sector. It is the country's largest producer of oil and natural gas, accounting for 45 percent of the country's total production and has equity in liquefied natural gas and methanol plants on the island.