HOUSTON, April 5 /PRNewswire-FirstCall/ -- Frontier Oil Corporation
(NYSE: FTO) has entered into an approximately $45.0 million fixed-price
construction contract with an affiliate of CB&I to engineer, construct and
install two new coke drums and related equipment at Frontier's El Dorado,
Kansas refinery. This contract, plus expected add-ons, is projected to
cover approximately 85% of the $58 million project scope. Completion is
anticipated in April 2008.
Frontier's Chairman, President and CEO Jim Gibbs commented, "This coker
project is a key component of our strategy to increase our ability to run
heavy Canadian crude oil at our El Dorado refinery. We are delighted to
have fixed the vast majority of the cost of this project."
Frontier operates a 110,000 barrel-per-day refinery located in El
Dorado, Kansas, and a 52,000 barrel-per-day refinery located in Cheyenne,
Wyoming, and markets its refined products principally along the eastern
slope of the Rocky Mountains and in other neighboring plains states.
Information about the Company may be found on its web site
http://www.frontieroil.com .
SOURCE Frontier Oil Corporation
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Related links:
http://www.frontieroil.com
CONTACT:
Doug Aron of Frontier Oil Corporation,
+1-713-688-9600 x145
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