Fluor Enters Into Formal Offshore Alliance With COOEC

Published: 19-Nov-2009

Fluor Corporation (Fluor), a provider of engineering, procurement and construction management (EPCM) and project management services, has entered into a formal alliance with Offshore Oil Engineering Corporation Ltd. (COOEC), a subsidiary of CNOOC Limited. Fluor signed the alliance in pursuit of large offshore oil and gas projects in the Asia-Pacific region including China and Australia.

The alliance will focus on both shallow and deep water as well as fixed and floating facility projects in the region with the possibility of leveraging the alliance globally in other regions and industries on a case-by-case basis.

“This alliance reinforces a 10-year relationship and establishes a competitive engineering, procurement, installation and construction (EPIC) project execution platform for Fluor Offshore Solutions in the region,” said Peter Oosterveer, president of Fluor’s Energy & Chemicals Group. “Fluor is very optimistic about the potential of this relationship to provide customers with value-added, integrated solutions in the Asia-Pacific offshore industry. The alliance with COOEC adds complementary strengths for both companies in the pursuit of large offshore projects.”

“COOEC and Fluor have developed an excellent working relationship that began with cooperation in the early 1990s,” said Jiang Xizhao, president of COOEC. “Based on our mutual understanding and trust, we have come a long way to reach this agreement. Through this alliance, we expect to improve our competence in developing and collaborating on large EPIC contracts and increase our international competitive advantage in the industry. With this agreement, I believe our mutually-beneficial long-term relationship with Fluor will be strengthened and that our increased cooperation holds future promise.”

“COOEC is recognized throughout China as a leading designer, fabricator and installer of large offshore oil and gas projects with a stellar safety record of a 0.19 lost-time incidence rate in 2008,” said Jim Heavner, senior vice president of Fluor’s upstream business. “We are convinced that by leveraging the capabilities of Fluor Offshore Solutions with COOEC, this alliance will bring extraordinary EPIC assets to new oil and gas projects.”

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