Fluor (FLR) Partners with COOEC in Pursuit Of Oil and Gas Projects in Asia-Pacific Region
Fluor Corporation (NYSE: FLR) announced today that it has entered into a formal alliance with Offshore Oil Engineering Corporation Ltd. (COOEC), a subsidiary of China National Offshore Oil Corporation Ltd. (CNOOC), in the pursuit of large offshore oil & 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 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."
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