JGC/Fluor Joint Venture Awarded Feed Work by Anadarko for New LNG Project in Mozambique

  JGC/Fluor Joint Venture Awarded Feed Work by Anadarko for New LNG Project in
  Mozambique

Business Wire

IRVING, Texas and MAPUTO, Mozambique -- January 8, 2013

Fluor Corporation (NYSE: FLR) and JGC Corporation announced today that their
50/50 joint venture was awarded a front-end engineering and design (FEED)
contract by Anadarko Moçambique Area 1 Limitada for an onshore natural gas
liquefaction facility in the Republic of Mozambique. The project will be
located in the Cabo Delgado Province, 2,000 kilometers northeast of
Mozambique’s capital, Maputo. Fluor will book its portion of the contract in
the first quarter 2013.

The FEED will deliver designs for the initial phase of the Mozambique LNG
project of four trains, each train capable of producing 5 million metric
tonnes per annum of liquefied natural gas (20 MMTPA total). The project has
the potential to expand its capacity up to approximately 50 MMTPA of LNG in
the future. This facility is the first LNG project in Mozambique. The
feedstock comes from offshore production facilities at Offshore Area 1,
operated by Anadarko, and Offshore Area 4, operated by Eni.The first LNG
cargo is targeted for 2018.

“In the region, this is an important and strategic win for both joint venture
parent companies,” said Peter Oosterveer, president of Fluor’s Energy &
Chemicals Group. “We brought together a talented and experienced team that
leverages the combined strengths of JGC’s industry-leading LNG experience with
Fluor’s 50-plus year reputation for executing large complex projects in
sub-Saharan Africa.”

Anadarko Moçambique Area 1, Limitada consists of Anadarko Petroleum
Corporation (36.5 percent), Mitsui E&P Mozambique Area 1, Limited (20
percent), Empresa Nacional de Hidrocarbonetos (15 percent), BPRL Ventures
Mozambique B.V. (10 percent), Videocon Mozambique Rovuma 1 Limited (10
percent) and PTT Exploration & Production Plc (8.5 percent).

About Fluor Corporation

For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its
clients to design, build and maintain many of the world's most challenging and
complex capital projects. Through its global network of offices on six
continents, Fluor's 43,000 employees provide comprehensive capabilities and
world-class expertise in the fields of engineering, procurement, construction,
commissioning, fabrication, operations, maintenance and project management.
Today, the company serves a global client base in the energy, chemicals,
government, industrial, infrastructure, operations & maintenance,
manufacturing & life sciences, mining, power and transportation sectors.
Headquartered in Irving, Texas, Fluor ranks 124 on the FORTUNE 500 list and
had revenue of $24.3 billion in 2011. For more information, visit
www.fluor.com.

Contact:

Fluor Corporation
Media Relations:
Keith Stephens, 469-398-7624
or
Brian Mershon, 469-398-7621
or
Investor Relations:
Ken Lockwood, 469-398-7220
or
Jason Landkamer, 469-398-7222
 
Press spacebar to pause and continue. Press esc to stop.