$57 million for Fluor

Fluor Corporation has today been awarded $57 million by Statoil to implement the Export Capacity Upgrading Project at the Kollsnes Gas Terminal, Norway.

Fluor Corporation today announced that it has been awarded the Export Capacity Upgrading Project at the Kollsnes Gas Terminal by Statoil, Norway’s largest energy company.

Owned by Gassled and operated by Gassco, the state gas company, the Kollsnes terminal is the largest gas processing facility in Norway. The value of the contract to Fluor is approximately $57 million.

The project includes a new a gas compression train and revamp of the existing facilities. The expanded facility will increase gas export capacity by 20 per cent to 143 million standard cubic metres per day to meet the increasing demand for gas to the United Kingdom and the rest of the European Union.

Fluor has lump-sum turnkey responsibility for engineering, procurement and construction of the new facilities. The project will be led from Fluor’s Haarlem office in the Netherlands and executed with a Norwegian partner, Reinertsen, which will provide engineering, procurement and construction services for civil, steel and piping work.

Construction will commence in May 2005 and is scheduled for completion in May 2006, with the new compressor train going on stream in August 2006.

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