Fluor Sells Zhuhai Fabrication Yard to COOEC

20 December 2025

Key highlights

Fluor will divest its Zhuhai fabrication yard to COOEC.
Fluor expects $122 million from the sale.
Transaction completion is anticipated in the coming months.
COOEC will own 100% of the yard post-transaction.

Transaction Overview

Fluor Corporation has agreed to sell its stake in the Zhuhai fabrication yard, located in China's Guangdong province, to Offshore Oil Engineering Co., Ltd. (COOEC). The transaction is expected to generate $122 million for Fluor, based on current exchange rates.

Ownership and Future Use

Upon completion of the sale, COOEC will own 100% of the Zhuhai fabrication yard. The facility will remain available to support fabrication needs for future Fluor projects, alongside other COOEC facilities.

Stay informed with chemXplore Weekly →

Timeline

The transaction is anticipated to be finalized in the coming months, with Fluor set to receive the proceeds upon completion.