Fluor and JGC Joint Venture Awarded EPC Contract by Chevron Phillips Chemical for Gulf Coast Petrochemicals Project in Texas

  Fluor and JGC Joint Venture Awarded EPC Contract by Chevron Phillips
  Chemical for Gulf Coast Petrochemicals Project in Texas

Business Wire

IRVING, Texas -- October 3, 2013

Fluor Corporation (NYSE: FLR) and JGC Corporation announced today that their
50/50 joint venture was awarded an engineering, procurement and construction
(EPC) contract by Chevron Phillips Chemical Company LP (Chevron Phillips
Chemical) for its U.S. Gulf Coast (USGC) Petrochemicals Project. Fluor booked
its share of the undisclosed contract value in the third quarter of 2013.

The project consists of the ethylene unit (cracker) and associated offsite
components to be built at Chevron Phillips Chemical’s existing Cedar Bayou
complex in Baytown, Texas. Fluor’s scope includes engineering and procurement
for the outside battery limit scope as well as direct hire construction for
the entire cracker project.

“This project represents the first EPC opportunity to be executed by our newly
formed association with JGC,” said Peter Oosterveer, president of Fluor’s
Energy & Chemicals Group. “The U.S. Gulf Coast continues to play a significant
role in the chemicals market and our depth of resources and breadth of
experience will create value for our client and support their success
throughout the project.”

Project work is under way and will be performed from Fluor’s Houston office
with assistance from its Philippines offices.

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 41,000 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 110 on the FORTUNE 500 list and
had revenue of $27.6 billion in 2012. For more information, visit
www.fluor.com and follow us on Twitter at @FluorCorp.

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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