Fluor Venture in Qatar Wins Five-Year Comprehensive Maintenance Contract for RasGas

IRVING, Texas & RAS LAFFAN, Qatar - Thursday, November 3rd 2011 [ME NewsWire]

(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today in a public ceremony that Qatar National Facilities Services (QNFS), a Qatari-based company partly owned by Fluor, signed a five-year comprehensive maintenance services contract with RasGas Company Limited (RasGas) in the industrial city of Ras Laffan, Qatar. Following a competitive tendering process, the new contract was awarded to provide maintenance services for the entire complex. Fluor booked the undisclosed contract value into backlog in the third quarter of 2011.

“Fluor and Trading and Agency Ltd. (TRAGS) are delighted to continue our relationship with RasGas, Qatar Petroleum and ExxonMobil through QNFS,” said Kirk Grimes, president of Fluor’s Global Services Group. “We are committed to introducing global best practices that will support RasGas’ vision to be a world class global energy supplier that continually strives for excellence.”

Fluor previously completed the RL3 Common Offplot project for RasGas in 2009. For that project, Fluor trained more than 62,000 different workers at the site from 40 different countries with peak construction manpower reaching nearly 9,000 workers in January 2008.

RasGas is owned by Qatar Petroleum and an affiliate of ExxonMobil and produces approximately 37 million tonnes of liquefied natural gas (LNG) annually for export to global markets. The company is one of the most successful global energy suppliers in the world. RasGas oversees and manages all the operations associated with seven LNG trains, two sales gas production facilities, helium production facilities, offshore production platforms, as well as major shipping contracts and global commercial partnerships.

About QNFS

Qatar National Facility Services (QNFS), a Qatari company, is jointly owned by Fluor and TRAGS and is based in Doha. QNFS was established to provide the Qatari market with a local asset management solution underpinned by international best practices. QNFS is committed to providing the services our clients need to maintain the critical infrastructure necessary to support Qatar’s long-term growth plans.

About TRAGS

Trading and Agency Ltd. (TRAGS) was established in 1972 to provide engineering, procurement, construction and maintenance services to diversified industries in Qatar. TRAGS is a wholly-owned subsidiary of Ensrv Group, the engineering and energy services arm of J&A Jaidah Holdings.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 150 company and had revenue of $21 billion in 2010. For more information, visit www.fluor.com.

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