Fluor Corporation (NYSE: FLR) today announced that it has been selected by Ultramar, a wholly owned subsidiary of Valero Energy Corporation and one of Canada's largest petroleum refining and marketing companies, to provide engineering and procurement services related to the production of ultra low sulfur diesel.

Fluor is providing the services for a new diesel hydrotreater unit at Ultramar's Jean-Gaulin Refinery near Quebec City, Quebec, which will produce ultra low sulfur diesel for on-road vehicles, in compliance with new Canadian regulations that take effect, June 1, 2006. Fluor also is performing the front-end design for the project's utilities and offsite facilities including those related to steam generation, water treatment, tankage, heat integration, flare and relief, electrical distribution, cooling water and firewater distribution.

Approximately $20 million in contract value was booked in the company's fourth quarter. An undisclosed amount was booked earlier in 2004.

Fluor's office in Calgary, Canada, leads the effort, supported by staff at other offices including Aliso Viejo, Calif.

Fluor recently completed engineering and procurement services for Ultramar's Clean Gasoline Program at the same refinery.

In Canada Fluor is a preferred contractor of full engineering, procurement, construction, and maintenance services for Canadian and international customers in a variety of industries, including oil and gas. Fluor has been executing work in Canada since 1949 and has maintained an office in Calgary, Alberta, since 1973.

Fluor Corporation (NYSE:FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Aliso Viejo, Calif., Fluor is a FORTUNE 500 company with revenues of nearly $9 billion in 2003. For more information, visit www.fluor.com.

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