|
|
|
APC CHOSEN FOR MAJOR OIL AND GAS DEVELOPMENT PROJECT IN RUSSIA
HOUSTON, Texas - Arctic Pacific Contractors (APC), a 50/50 joint venture between Fluor Daniel (NYSE:FLR) and Brown & Root Energy Services, a business unit of Halliburton Company (NYSE:HAL), has been selected by Sakhalin Energy Investment Company Ltd. to provide project engineering, procurement, construction planning, and other associated support services for the basic design concept and definition phases of the Sakhalin II project located along Russia's Pacific Coast. APC's contract value for this initial effort is approximately US$40 million.
Work is underway in Fluor Daniel's Houston office and will continue through first quarter 1999.
"The union of Fluor Daniel and Halliburton's Brown & Root Energy Services, to form APC, offered Sakhalin Energy unmatched value. APC has the experience, project management team, resource base and corporate commitment that Sakhalin Energy requires," said Sakhalin Energy's Project Manager Bill McCaslin.
It is anticipated that the Sakhalin II project will include multiple offshore oil and gas production platforms, subsea pipelines, onshore oil and gas pipelines, onshore processing facilities, onshore terminals, and onshore infrastructure.
"This project provides an enormous opening for both companies to enter and contribute to the emerging Sakhalin Island hydrocarbon market, and positions us well to capitalize on the many anticipated project opportunities to come," commented Charlie Sands, President of Fluor Daniel's Production, Pipelines & Marine Systems operating company.
The new joint venture plans to work closely with the Russians. "The relationships APC has built with Russian design institutes and in-country suppliers will pay a critical role in the success of this world-class project," said Dave Lesar, President and Chief Operating Officer, Halliburton Company.
Sakhalin Energy Investment Company Ltd. is owned by subsidiaries of Marathon Oil, Royal Dutch Shell, Mitsui, and Mitsubishi.
Halliburton Company is one of the world's largest diversified energy services, engineering, maintenance and construction companies. Founded in 1919, Halliburton provides a broad range of energy services and products, industrial and marine engineering and construction companies. Brown & Root Energy Services is global engineering and construction company serving the upstream oil and gas business.
Fluor Daniel, the principal subsidiary of Fluor Corporation (NYSE:FLR) , is a global engineering, construction, maintenance and diversified services company with more than 50 offices and 50,000 employees worldwide. Fluor Daniel has maintained a presence in Russia for more than 25 years. Its office in Houston has been serving clients since 1948 and employs nearly 4,000 people.
Contact
Dirk Vande Beek
Public Relations
Halliburton Company
(p) 713.676.8097
Guy T. Marcus
Investor Relations
Halliburton Company
(p) 214.978.2691
Lisa Boyette
Media Relations
Fluor Corporation
(p) 714.975.3652
Lila Churney
Investor Relations
Fluor Corporation
(p) 714.975.3909
Back to Top
| |
|
