Fluor Corporation (NYSE: FLR) announced today that the company signed contracts with Valero Energy Corporation to provide engineering, procurement, construction and construction management services for its Unified Hydrocracker (HCU) Program projects at its St. Charles, La., and Port Arthur, Texas refineries. The contracts for the HCU Program expansion projects totaling $1.2 billion were booked in the second quarter of 2008.

The two projects are part of a major growth program for Valero at their St. Charles and Port Arthur refineries. They have been designed to capitalize on the production of ultra-low sulfur diesel transportation fuels through the addition of two hydrocrackers.

"We are pleased to assist Valero with their important strategic expansion plans at their St. Charles and Port Arthur refineries," said David Seaton, president of Fluor's Energy & Chemicals group. "Fluor has extensive refinery experience in the Gulf Coast region that will benefit Valero's fuel expansion program."

Fluor's Calgary, Houston and New Delhi global execution centers will perform the work for the new expansions.

Fluor is currently executing the engineering, procurement, and construction work for three other hydrocracker projects in the United States.

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $16.7 billion in 2007. For more information, visit www.fluor.com.

(FLRG)

Story Source: Business Wire