OldDawg
01-05-2008, 07:20 PM
January 4, 2008
Fluor Corp. said Friday it received a $1.6 billion contract from Marathon Oil Corp. to provide engineering, procurement and construction services for the expansion and upgrade of the oil company's Detroit refinery.
Construction on the estimated $1.9 billion project is expected to start in the next few months, with completion targeted for late 2010. The expansion will increase the Detroit refinery's heavy oil processing capacity to about 80,000 barrels per day. Total crude oil refining capacity will rise by about 15 percent to 115,000 barrels per day.
In December, Marathon acquired Western Oil Sands of Alberta in a $7 billion deal. Oil sands -- or bitumen -- will be processed at the Detroit refinery.
Fluor, an engineering services company, expects the project will employ up to 1,200 construction and craft workers per day.
A information courtesy re-post from Jerry at TheRoadSite (http://www.theroadsite.com)
OldDawg
Fluor Corp. said Friday it received a $1.6 billion contract from Marathon Oil Corp. to provide engineering, procurement and construction services for the expansion and upgrade of the oil company's Detroit refinery.
Construction on the estimated $1.9 billion project is expected to start in the next few months, with completion targeted for late 2010. The expansion will increase the Detroit refinery's heavy oil processing capacity to about 80,000 barrels per day. Total crude oil refining capacity will rise by about 15 percent to 115,000 barrels per day.
In December, Marathon acquired Western Oil Sands of Alberta in a $7 billion deal. Oil sands -- or bitumen -- will be processed at the Detroit refinery.
Fluor, an engineering services company, expects the project will employ up to 1,200 construction and craft workers per day.
A information courtesy re-post from Jerry at TheRoadSite (http://www.theroadsite.com)
OldDawg