Fluor Wins Major Contract for Natural Gas Transmission Project
Fluor Corporation (NYSE:FLR) announced today that it was awarded a contract by NEXUS Gas Transmission, LLC, to provide engineering, procurement and construction management services for an approximately 250-mile natural gas transmission pipeline in Ohio and Michigan that is capable of transporting 2 billion cubic-feet-per-day of gas. Fluor booked the contract for an undisclosed value in the first quarter of 2015.
“This project is an example of how Fluor can deliver our integrated solutions to support the continued industrial and consumer demand for natural gas in the U.S.,” said Pierre Bechelany, Fluor’s senior vice president of Pipelines and LNG. “This new award demonstrates Fluor’s strengthened position in the North America pipeline market, and we will bring our decades of pipeline design and construction experience to deliver cost and schedule efficiencies to the NEXUS project.”
Fluor is responsible for engineering, procurement, construction and project management services for the mainline pipeline, which will be up to 42 inches in diameter.
In addition to the main line, Fluor is designing and managing the construction of up to four compressor stations in Ohio to maintain the pressure needed to push the gas through the pipeline as well as four meter stations that will provide flow control and gas quality monitoring services.
DTE Energy Company and Spectra Energy Partners, LP, are the lead developers of the NEXUS Project. The NEXUS Project is expected to cost approximately $2 billion and is designed to deliver incremental production from the Utica and Marcellus Shale plays to meet growing demand for natural gas by distribution and end use markets in the Upper Midwest and Canada.
About Fluor Corporation
Fluor Corporation (NYSE:FLR) is a global engineering and construction firm that designs and builds some of the world’s most complex projects. The company creates and delivers innovative solutions for its clients in engineering, procurement, fabrication, construction, maintenance and project management on a global basis. For more than a century, Fluor has served clients in the energy, chemicals, government, industrial, infrastructure, mining and power market sectors. Headquartered in Irving, Texas, Fluor ranks 109 on the FORTUNE 500 list. With more than 40,000 employees worldwide, the company’s revenue for 2013 was $27.4 billion. Visit Fluor at www.fluor.com and follow on Twitter @FluorCorp.
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