Fluor Corporation (ticker: FLR, exchange: New York Stock Exchange (.N))
News Release -
Fluor Subsidiary P2S Selected to Support BP'S Gulf Coast Cleanup
IRVING, Texas, Jun 24, 2010 (BUSINESS WIRE) --Fluor Corporation (NYSE: FLR) announced today that its Global Services' subsidiary, Plant Performance Services (P2S), was selected by BP to execute two contracts to support its Gulf Coast cleanup efforts. P2S will be providing logistics, procurement and personnel support to BP in Alabama and Florida where cleanup activities are currently underway. Fluor will book revenue on these services contracts as it occurs on a quarterly basis.
P2S's scope of work for BP will include the following:
- As part of the Qualified Community Responder (QCR) program, assisting BP in recruiting, hiring, training, deploying and managing 500 local cleanup workers in each of the 12 coastal counties in Alabama (two counties) and Florida (10 counties in the Gulf Panhandle); and
- Providing logistics, procurement and warehousing support for BP across the Gulf Coast in support of the company's ongoing cleanup efforts.
"In supporting the Gulf Coast recovery, the mission priority for our P2S team is to hire local citizens and provide coordinated, safe training and supervision for the cleanup activities along the coast where they live," said Kirk Grimes, president of Fluor's Global Services Group.
Plant Performance Services (P2S) is a wholly-owned subsidiary of Fluor Corporation and a leading provider of specialty manpower and construction services to domestic industrial facilities and projects, particularly in the oil and gas, refining, chemicals, petrochemicals, and power generation industries. P2S currently operates from 14 office locations as well as at a large number of project sites in North America. For more information, visit www.p2sworld.com.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22 billion in 2009. For more information, visit www.fluor.com.
SOURCE: Fluor Corporation
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222