Fluor wins $3.5B upstream EPC contract for Santos' Gladstone LNG project in Australia

Source: Fluor

Fluor Corporation (NYSE: FLR) was awarded an engineering, procurement and construction (EPC) contract by Santos Ltd. to provide upstream services for the unique coal seam gas fields associated with 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 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. Since then, Fluor has been working closely with Santos to engage with industry stakeholders, especially local businesses, the Industry Capability Network and local interest groups to ensure maximum opportunities for Australian industry as the project progresses. 

Fluor has been a major player in Australia’s engineering and construction industry for nearly 60 years and currently has three office locations in Australia (Perth, Brisbane and Melbourne) with more than 1,300 professionals serving oil and gas, mining and industrial, maintenance and operations, and infrastructure clients.

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