--- title: "Fluor To Divest Zhuhai Fabrication Yard Stake To COOEC" type: "News" locale: "en" url: "https://longbridge.com/en/news/270391800.md" description: "Fluor Corp. has agreed to divest its stake in the Zhuhai fabrication yard in Guangdong, China, to Offshore Oil Engineering Co., Ltd. (COOEC) for $122 million. Upon completion, COOEC will fully own the yard, which will continue to support Fluor's future projects. The transaction is expected to conclude in the coming months." datetime: "2025-12-21T01:45:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/270391800.md) - [en](https://longbridge.com/en/news/270391800.md) - [zh-HK](https://longbridge.com/zh-HK/news/270391800.md) --- # Fluor To Divest Zhuhai Fabrication Yard Stake To COOEC Add as your preferred news source on Google Add Now Fluor Corp. (FLR) announced that it agreed to divest its portion of its Zhuhai fabrication yard in China's Guangdong province to Offshore Oil Engineering Co., Ltd. (COOEC). Fluor expects to receive $122 million in proceeds, based on current exchange rates, when the transaction is completed in the coming months. Upon completion, COOEC will assume full ownership of the fabrication yard. The facility, together with COOEC's other assets, will remain available to support fabrication requirements for future Fluor projects and opportunities. For comments and feedback contact: editorial@rttnews.com Business News ### Related Stocks - [FLR.US](https://longbridge.com/en/quote/FLR.US.md) - [600583.CN](https://longbridge.com/en/quote/600583.CN.md) ## Related News & Research - [These Analysts Revise Their Forecasts On Fluor After Q1 Results](https://longbridge.com/en/news/285974978.md) - [Fluor Is Expanding Its Nuclear Energy Projects in Europe. Is Now the Time to Buy?](https://longbridge.com/en/news/280030788.md) - ['I am absolutely mystified': Peter Welch shames Trump admin pulling back protections, enabling predatory 'buy now, pay later' loans](https://longbridge.com/en/news/286618882.md) - [Ameresco Director Jennifer L. Miller disposes 10,000 shares worth $320,176.68](https://longbridge.com/en/news/286975567.md) - [Are There Really 'No Bad Ideas' When It Comes To 'Saving Or Democracy'?](https://longbridge.com/en/news/286701120.md)