Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

COOEC-Fluor Completes Module Program for KIPIC Al-Zour Project in Kuwait


Fluor Corporation (NYSE: FLR) announced today that its joint venture COOEC-Fluor Heavy Industries, Co., Ltd. (COOEC-Fluor) fabrication yard in Zhuhai, China, has safely completed the entire module program for the Kuwait Integrated Petroleum Industries Company (KIPIC) Al-Zour project in Kuwait.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191224005110/en/

COOEC-Fluor's fabrication yard shipped the final module assembly and it recently arrived at the project site in Kuwait. (Photo: Business Wire)

COOEC-Fluor's fabrication yard shipped the final module assembly and it recently arrived at the project site in Kuwait. (Photo: Business Wire)

“The COOEC-Fluor yard completed the modular program over a period of 24 months from the start of steel fabrication to load out of the last modules,” said Chris Vertanness, vice president and director of operations at the yard. “The COOEC-Fluor team has accomplished numerous fabrication and logistics milestones on this project working closely with the Fluor-led joint venture team, and I look forward to continuing to show the world what our yard can do.”

To achieve this milestone, COOEC-Fluor delivered 188 modules in 20 separate shipments with a combined weight of 65,000 metric tons. In addition, the yard fabricated more than 95,000 pipe spools of carbon, alloy and stainless steel pipe which will be installed by the project team at the site.

Leveraging COOEC-Fluor for fabrication and modular assembly was a key component in the KIPIC project’s overall execution strategy. By performing large-scale modularization at the fabrication yard, field labor at the project site was significantly reduced resulting in greater cost efficiency, enhanced safety performance, and minimized strain on the local labor market.

The project was executed with a relentless focus on health, safety and environmental performance, achieving a total case incident rate of 0.06 and a lost-time injury rate of 0.02.

The final module shipment of 8,600 metric tons was shipped from COOEC-Fluor and recently arrived at the project site in Kuwait.

Fluor is leading a joint venture that is working to deliver two engineering, procurement, fabrication and construction packages for key process support units, utilities and infrastructure for the Al-Zour refinery project in Kuwait. Upon completion, the new complex is expected to be one of the largest refineries in the world and produce 615,000 barrels of oil per day.

About Fluor Corporation

Founded in 1912, Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. With headquarters in Irving, Texas, Fluor ranks 164 on the Fortune 500 list with revenue of $19.2 billion in 2018 and has more than 53,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191224005110/en/

Fluor Corp. Stock

€37.08
0.030%
There is nearly no change for the Fluor Corp. stock today. Compared to yesterday it only changed by €0.010.
Currently there is a rather positive sentiment for Fluor Corp. with 3 Buy predictions and 0 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 13.27% for Fluor Corp. compared to the current price of 37.08 €.
Like: 0
Share
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia.

Legal notice

Comments