Fluor (NYSE:FLR) has been awarded a contract valued at $3.5 billion by Santos for a natural gas project in Queensland, Australia.

The Irving, Texas-based company’s engineering, procurement and construction contract includes upstream facilities associated with its 7.8 million ton-per-year Gladstone gas project that will extract and liquefy gas from coal deposits for eventual export to Asia and other global markets.

Peter Oosterveer, president of Fluor’s Energy & Chemicals Group, said the company looks forward to the continued partnership with Santos, as it was previously awarded an upstream front-end engineering design contract in June 2009 and an early works contract in May 2010.

The builder has worked with its Australian partners to engage with industry stakeholders, including local businesses, the industry capability network and local interest groups to ensure maximum opportunities for Australian industry, according to a Fluor statement.

Fluor has been a major player in Australia’s engineering and construction industry for nearly 60 years.