Fluor Awarded $3.5 Billion EPC Contract

Fluor Corporation FLR announced today that it was awarded an engineering, procurement and construction contract by Santos Ltd. for its Gladstone Liquefied Natural Gas project in Queensland, Australia. Fluor's EPC contract includes upstream facilities associated with the 7.8 million tonne-per-year liquefied natural gas project that will extract and liquefy gas from coal deposits for eventual export to Asia and other global markets. Fluor booked $3.5 billion in its fourth quarter of 2010 for this new contract.