Fluor Awarded Cutbank Ridge Partnership Sweet Gas Plant Project in Canada
OREANDA-NEWS. February 11, 2016. Fluor Corporation (NYSE: FLR) announced today that the Cutbank Ridge Partnership selected Fluor to execute engineering, procurement and construction management (EPCM) for Saturn 15-27 Phase 2 Sweet Gas Plant Project near Dawson Creek, British Columbia, Canada. Fluor booked the undisclosed contract value in the fourth quarter of 2015.
The project is part of the Cutbank Ridge Partnership Program to develop natural gas and natural gas liquid (NGL) production, with three similar projects: Sunrise 04-26, Tower 03-07 and Saturn 15-27 Phase 2. Fluor is currently executing the EPCM for all three projects.
“Fluor has been supporting these projects since the initial conceptual stages, and we look forward to taking them through the EPCM phase and delivering the completed facilities,” said Jim Brittain, president of Fluor’s Energy & Chemicals business in the Americas. “We will leverage the best practices and synergies gained from each of the projects to deliver a capital-efficient solution to the Cutbank Ridge Partnership.”
The new facilities will receive sweet natural gas, remove water and hydrocarbons, chill and compress the gas to meet transmission pipeline requirements and recover NGL from the gas streams. The plants will have the capacity to process a combined additional 800 million cubic feet of gas per day.
The Cutbank Ridge Partnership is an agreement between Mitsubishi Corporation and Encana Corporation which involves the long-term development of natural gas resources in Northeast British Columbia.
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 and integrated 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 136 on the FORTUNE 500 list. With 40,000 employees worldwide, the company's revenue for 2014 was \\$21.5 billion. Visit Fluor at www.fluor.com and follow on Twitter @FluorCorp.