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Press release from Business Wire

Fluor Awarded Contract for Dow U.S. Gulf Coast Investments

<p class='bwalignc'> <i><b>Engineering, procurement and self-perform construction services in Freeport, Texas</b></i> </p>

Thursday, May 02, 2013

Fluor Awarded Contract for Dow U.S. Gulf Coast Investments

08:03 EDT Thursday, May 02, 2013

IRVING, Texas (Business Wire) -- Fluor Corporation (NYSE: FLR) announced today that it was awarded a contract by The Dow Chemical Company (NYSE: DOW) to execute a significant portion of its U.S. Gulf Coast investments. Fluor's scope includes the engineering, procurement and construction (EPC) of a propane dehydrogenation unit, an ethane cracker, and associated power, utilities and infrastructure facility upgrades to support each unit. The facilities will be constructed in Dow's Oyster Creek facility in Freeport, Texas. Fluor booked the undisclosed contract value into backlog in the first quarter of 2013.

“Fluor has had a strong and long-standing relationship with Dow, supporting some of the industry's most challenging and innovative projects,” said Peter Oosterveer, president of Fluor's Energy & Chemicals Group. “This is a significant endeavor by Dow to process hydrocarbons from the domestic shale formations, and we are pleased to continue our support of their efforts.”

Fluor's Sugar Land, Texas, office will lead the EPC and self-perform construction phases of the project with additional support provided from the company's Asia Pacific operations.

About Fluor Corporation

For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, more than 40,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 124 on the FORTUNE 500 list and had revenue of $27.6 billion in 2012. For more information, visit www.fluor.com.

Fluor Corporation
Media Relations:
Keith Stephens, 469-398-7624
or
Brian Mershon, 469-398-7621
or
Investor Relations:
Ken Lockwood, 469-398-7220
or
Jason Landkamer, 469-398-7222

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