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Fluor Awarded Contract for Dow U.S. Gulf Coast Investments



  Fluor Awarded Contract for Dow U.S. Gulf Coast Investments

 Engineering, procurement and self-perform construction services in Freeport,
                                    Texas

Business Wire

IRVING, Texas -- May 2, 2013

Fluor Corporation (NYSE: FLR) announced today that it was awarded a contract
by The Dow Chemical Company (NYSE: DOW) to execute a significant portion of
its U.S. Gulf Coast investments. Fluor’s scope includes the engineering,
procurement and construction (EPC) of a propane dehydrogenation unit, an
ethane cracker, and associated power, utilities and infrastructure facility
upgrades to support each unit. The facilities will be constructed in Dow's
Oyster Creek facility in Freeport, Texas. Fluor booked the undisclosed
contract value into backlog in the first quarter of 2013.

“Fluor has had a strong and long-standing relationship with Dow, supporting
some of the industry’s most challenging and innovative projects,” said Peter
Oosterveer, president of Fluor’s Energy & Chemicals Group. “This is a
significant endeavor by Dow to process hydrocarbons from the domestic shale
formations, and we are pleased to continue our support of their efforts.”

Fluor’s Sugar Land, Texas, office will lead the EPC and self-perform
construction phases of the project with additional support provided from the
company’s Asia Pacific operations.

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, more than 40,000 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 $27.6 billion in 2012. 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
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