Fluor wins $1.5bn contract for Canada oil sands project

07 July 2009 14:46  [Source: ICIS news]

TORONTO (ICIS news)--Fluor has won a $1.5bn (€1.1bn) contract for the development of an oil sands project in Canada's Alberta province, the petrochemicals and engineering firm said on Tuesday.

Fluor’s contract included engineering, procurement and construction for infrastructure and facilities for the first phase of the Kearl oil sands project, it said.

Kearl is being developed by Imperial Oil, the Canadian affiliate of US energy and petrochemicals major ExxonMobil.

The project was expected to ultimately produce more than 300,000 bbl/day of bitumen, Fluor said.

Canada’s oil sands projects are seen as an important source of feedstock for the development and expansion of petrochemicals plants.

($1 = €0.72)

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By: Stefan Baumgarten
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