Fluor’s Stork Awarded North Sea Asset Integrity Contract Extension

Rhea-AI Summary

Fluor Corporation (NYSE: FLR) announced a 2-year contract extension for Stork, a Fluor company, by Chrysaor Holdings Limited. This agreement will provide offshore integrated specialist asset integrity services for the Armada, Everest, and Lomond platforms in the UK North Sea. Stork has been delivering asset integrity solutions to these platforms since 2014. The contract aims to enhance the life cycle of these offshore assets and support safe and efficient operations.

Positive

• 2-year contract extension awarded to Stork by Chrysaor Holdings.
• Continuation of asset integrity services for Armada, Everest, and Lomond platforms.
• Stork's established relationship with Chrysaor since 2014 enhances trust.

Negative

• None.

Fluor Corporation (NYSE: FLR) announced today that Stork, a Fluor company, was awarded a 2-year contract extension by Chrysaor Holdings Limited to deliver offshore integrated specialist asset integrity services in the UK.

A Stork professional performs an offshore inspection in the North Sea. (Photo: Business Wire)

Stork will continue to deliver an inclusive range of asset management solutions and capabilities to extend the offshore assets’ life cycle through this contract for the Armada, Everest and Lomond platforms in the central North Sea.

“Stork has provided specialist asset integrity solutions for these platforms since 2014, and Stork is pleased to build upon this business relationship,” said Taco de Haan, president of Stork. “By using Stork’s full portfolio of innovative solutions, the company will support its client’s objectives of achieving safe, reliable and efficient operations across their North Sea portfolio.”

About Stork

Stork, a Fluor company, continually improves the performance of its clients’ assets through a wide range of integrated, innovative and data-driven solutions, from operations and maintenance to turnarounds and modifications. We are committed to growing our clients’ business sustainably and successfully by setting new standards of excellence in asset management. Underpinned with our core values—Safety, Integrity, Teamwork, Client Focus and Excellence—we aim to be the industry reference, every day, everywhere. For more information, please visit www.stork.com or follow us on Twitter @StorkTS, LinkedIn.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.7 billion in 2020 and is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005610/en/

FAQ

What recent contract was awarded to Fluor's Stork?

Stork was awarded a 2-year contract extension by Chrysaor Holdings Limited for providing offshore integrated asset integrity services.

Which platforms will Stork service under the new contract?

Stork will provide services for the Armada, Everest, and Lomond platforms in the UK North Sea.

Since when has Stork been servicing the Chrysaor platforms?

Stork has been providing asset integrity solutions for Chrysaor's platforms since 2014.

What is the significance of the contract extension for Fluor's Stork?

The contract extension solidifies Stork's role in enhancing offshore asset management and demonstrates ongoing client trust.