Fluor Wins Best Practices Award for Modularization Innovation
May 11 2016 - 4:08PM
Business Wire
Fluor Corporation (NYSE: FLR) announced today that the
Construction Owners Association of Alberta (COAA) named Fluor the
2016 Best Practices Award winner for the company’s modularization
innovation for the Shell Quest carbon capture and storage (Quest)
project. Fluor was recognized for innovation at the COAA 2016 Best
Practices Conference’s awards presentation last night in Edmonton,
Alberta, Canada.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160511006403/en/
Simon Nottingham, Vice President and
General Manager of Fluor's Calgary Office, accepts the Construction
Owners Association of Alberta (COAA) Best Practices Award from Mark
Mackay, President of COAA. (Photo: Business Wire)
The Quest project marked the full implementation of Fluor’s
innovative, first-of-a-kind modularization technology, 3rd Gen
Modular ExecutionSM (3rd Gen). 3rd Gen increases the portion of a
facility that can be modularized by consolidating equipment and
components into the modules, allowing for decentralized electrical
and instrumentation distribution. The process also significantly
reduces plot plan footprints. The result is improved construction
and safety performance and reduced onsite labor, material
quantities and capital costs. 3rd Gen helped reduce the plot plan
by 20 percent and capital costs by 30 percent from initial
estimates on the Quest project.
“The results achieved on Quest showcase the capital efficiency
and delivery predictability that 3rd Gen brings to projects,” said
Jim Brittain, president of Fluor’s Energy & Chemicals business
in the Americas. “Use of 3rd Gen is not just a technology
improvement, but a project execution improvement because it
encourages collaboration between the procurement, construction and
operations teams from day one, thereby creating more efficient
designs and execution strategies. COAA’s recognition that 3rd Gen
is an industry best practice to improve construction performance
further confirms the value it brings to project execution.”
COAA provides leadership to enable successful project execution
in the Alberta heavy industrial construction and maintenance
industries. The COAA Best Practices awards annually recognize
companies and organizations that have provided outstanding
leadership in developing, implementing and improving industry best
practices. The 2016 awards focused on construction performance and
were judged on effective implementation, as well as industry
improvement and sharing, by respected industry experts.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering,
procurement, fabrication, construction and maintenance company that
designs, builds and maintains capital-efficient facilities for its
clients on six continents. For more than a century, Fluor has
served our clients by delivering innovative and integrated
solutions across the globe. With headquarters in Irving, Texas,
Fluor ranks 136 on the FORTUNE 500 list with revenue of $18.1
billion in 2015 and has more than 60,000 employees worldwide. For
more information, please visit www.fluor.com or follow us on
Twitter @FluorCorp.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160511006403/en/
Fluor CorporationMedia RelationsBrian Mershon,
469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff
Telfer, 469-398-7070orJason Landkamer, 469-398-7222
Fluor (NYSE:FLR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Fluor (NYSE:FLR)
Historical Stock Chart
From Sep 2023 to Sep 2024