IRVING, Texas & ZHUHAI, China--(BUSINESS WIRE)--Fluor Corporation (NYSE:FLR), with Offshore Oil Engineering Co., Ltd.(COOEC), hosted the Deepwater and Modular Fabrication Technology Conference on October 17 and 18, 2015, in Zhuhai, China. Fluor and COOEC recently announced a new joint venture, COOEC-Fluor Heavy Industries Co., Ltd. The joint venture company will own, operate and manage the Zhuhai Fabrication Yard on the South China Sea.
The event brought together more than 240 participants from national and international oil companies, as well as government, finance, energy, and contractor industry leaders from around the world to discuss the global deepwater and modularization market. Participants discussed critical topics such as project execution and optimization, quality control, risk management and market conditions. The event concluded with a tour of the state-of-the-art Zhuhai Fabrication Yard.
“The Zhuhai Fabrication Yard allows Fluor to deliver integrated engineering, procurement, fabrication, and construction projects of any scale,” said Gerald Stone, senior vice president of Fluor and appointed chairman of the board for COOEC-Fluor Heavy Industries Co., Ltd. “By increasing efficiencies and leveraging the region’s low-cost supply chain, the Zhuhai Fabrication Yard creates capital-efficient solutions for Fluor clients across many markets and regions across the globe.”
At 2 million square meters, about 500 acres, the Zhuhai Fabrication Yard is the largest in the world and was specifically designed for module fabrication with optimized material flow and process sequencing. The yard can accommodate modules weighing more than 50,000 tons, or 10 million pounds. Completion of regulatory approvals for the joint venture is targeted for late 2015.
About COOEC
Offshore Oil Engineering Co., Ltd. (COOEC) is a listed company controlled by China National Offshore Oil Corporation. It is renowned as a large-scale general contracting company nationwide integrating offshore oil, natural gas exploitation engineering design, onshore manufacturing and offshore installation, commissioning, maintenance, LNG and refinery into a whole. Moreover, it is one of the engineering, procurement, construction, and installation (EPCI) contractors with the largest scale and greatest strength in the Far East and Southeast Asia.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that designs and builds some of the world's most complex projects. The company creates and delivers innovative and integrated solutions for its clients in engineering, procurement, fabrication, construction, maintenance, and project management on a global basis. For more than a century, Fluor has served clients in the energy, chemicals, government, industrial, infrastructure, mining and power market sectors. Headquartered in Irving, Texas, Fluor ranks 136 on the FORTUNE 500 list. With 40,000 employees worldwide, the company's revenue for 2014 was $21.5 billion. For more information, visitwww.fluor.com or follow us on Twitter @FluorCorp.