Largest Private Investment Ever in Indiana

Fluor Corporation (NYSE: FLR) announced today that the company was awarded multiple contracts by BP America for its Whiting (Ind.) Refinery modernization project. Fluor is responsible for overall program and construction management, engineering, procurement, fabrication and construction. For this phase of the modernization project, Fluor will book $3.8 billion into backlog in the third quarter of 2008.

Fluor recently completed front-end engineering and design and began detailed engineering and construction in July 2008 with a projected completion date of fourth quarter of 2011. Fluor’s engineering, procurement and fabrication scope will include a new gas oil hydrotreater, significant upgrades to a crude/vacuum unit, and the upgrade and modernization for the utilities and offsites. When complete, the modernization project will increase the Whiting facility’s gasoline production by 1.7 million gallons per day and will equip the refinery to process increased amounts of secure Canadian crude oil.

“Fluor is pleased to assist BP with its Whiting modernization project that is the largest private investment ever in the history of the State of Indiana,” said David Seaton, president of Fluor’s energy & chemicals business. “We have a long and successful history working on numerous global projects for BP and we look forward to successfully executing this milestone project.”

About 400 skilled craft workers are currently at work on the project, which should increase to 1,000 workers in early 2009 and reach a peak of approximately 2,500 during 2010. Fluor’s engineering and construction professionals in Whiting, Ind., Houston and Manila, the Philippines, will have primary project responsibilities.

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.

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