Fluor Consortium delivers natural gas development project in Brazil

Friday, February 26, 2016      

Fluor Corporation (NYSE: FLR) announced today that its consortium has met substantial completion on the Gavião Branco facility in the state of Maranhão, Brazil, turning it over to Parnaíba Gás Natural (PGN), Brazil's leading private gas exploration and production company.

The consortium performed basic and detailed engineering, procurement, construction, commissioning and start-up of an 8.5 million-cubic-meters-per-day gas gathering system in the Gavião Branco field, as well as a 70-kilometer-gas pipeline, under a demanding 12-month schedule. The consortium included Fluor; Construcap CCPS Engenharia e Comércio S.A. (Construcap), the consortium leader; and CFPS Engenharia e Projetos S.A. (CFPS), a joint venture of Fluor and Construcap. The consortium significantly optimized the facility's design to reduce capital investment costs, while maintaining the original completion date. The project brings the Gavião Branco field into commercial operation, enables the tie-in of the Gavião Branco Sudeste field in the first quarter of 2016 and will provide the tie-in point for Gavião Caboclo and Gavião Branco Norte in the future.

'The consortium leveraged the organizations' strengths, such as Construcap's experienced construction workforce in Brazil and Fluor's flow assurance expertise, to deliver an optimized solution that was executed safely, on time and on budget,' said Jim Brittain, president of Fluor's Energy & Chemicals Americas business line. 'The successful start-up of this facility is a testament to the capital efficiency and schedule certainty that the Fluor and Construcap team brings to clients in Brazil.'

'Completion of this schedule-driven project is a milestone for Construcap in our relationship with Fluor,' said Roberto Capobianco, president of Construcap. 'We are proud to have met all of our commitments to PGN, bringing value to their business and enabling them to meet their obligations to their customers, shareholders and regulatory authorities. We look forward to continuing to build this strategic relationship.'

Based on the results of this project, PGN has retained the consortium to deliver master planning services for future developments in the Parnaíba Basin.


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Fluor Corporation Brazil South America Operations Update

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