Fluor Igoda Projects (Pty) Ltd, an engineering, procurement, project and construction management (EPCM) services company, is celebrating 10 successful years of undertaking capital projects in the oil, gas and chemicals markets in South Africa.
“During the past decade, we have worked on more than 40 terminals and depots across the country supporting key clients with asset maintenance, upgrades, environmental compliance and capacity increase projects,” said Rishad Khan, managing director of Fluor Igoda Projects. “We have long standing relationships with many refineries and have developed a solid platform to support the bulk fuels storage and logistics network.”
The relationship between Fluor and Igoda Projects, a 100 percent black owned company, started more than 13 years ago. Initially Igoda Projects was Fluor’s electrical and instrumentation sub-consultant. After working together successfully for approximately 18 months, the relationship was elevated to joint venture status to offer EPCM services to targeted coastal clients.
Formalised in 2006, Durban-based Fluor Igoda Projects (Pty) Ltd was established with Fluor holding 70 percent ownership, and Igoda holding 30 percent. The key drivers at that stage were to create a platform for skills transfer from Fluor to Igoda, and to empower them to undertake EPCM projects on a stand-alone basis. Fluor was then able to implement their transformation agenda as well as comply with their BBBEE mandate.
“Our clients have relied on our fit-for-purpose tools and processes to successfully execute multiple capital projects simultaneously with support from Fluor's regional and global network,” added Khan. “We offer integrated solutions to our clients and specialise in onsite based activities and cost competitive execution models.”
“We are looking forward to the next 10 years and are excited by the potential opportunities the future holds.”
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 155 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.