Fluor Corporation (NYSE:FLR) announced today that it was awarded a
contract by Galp Energia to provide front-end engineering and design
(FEED) and early procurement services of main equipment for a refinery
conversion project in Porto, Portugal. The Phase 1 FEED work will be
booked in fourth quarter 2007.
"We are pleased to once again be working for Galp Energia," said
David Seaton, president of Fluor's Energy & Chemicals Group. "Repeat
business is something we truly value, and we see it as a reflection of
the quality work and commitment provided by every member of the Fluor
team."
The conversion project will add a grassroot vacuum flash and
distillation unit, a visbreaker, a diesel hydrodesulphurization units
and associated utilities and infrastructure to the Galp's Porto
Refinery and is part of an investment program that will allow Galp to
increase the diesel production by 50,000 barrels per day and the
utilization rate of the existing refineries, allowing Galp to process
heavier crudes and meet the latest environmental regulations.
In 2002, Fluor built a grassroot hydrodesulphurization unit for
Galp at its Sines refinery. Fluor offices in Madrid and Camberley,
U.K., will execute the refinery conversion work along with local
Portuguese companies.
Fluor Corporation (NYSE:FLR) provides services on a global basis
in the fields of engineering, procurement, construction, operations,
maintenance and project management. Headquartered in Irving, Texas,
Fluor is a FORTUNE 500 company with revenues of $14.1 billion in 2006.
For more information, visit www.fluor.com.
(FLRG)
