ICA Fluor to Construct Pemex Offshore Production Platform in Gulf of Mexico
IRVING, Texas--Jun. 5, 2012-- ICA Fluor, the industrial construction joint venture of Empresas ICA, S.A. B de C.V. (BMV and NYSE: ICA) and Fluor Corporation (NYSE: FLR), announced the signing of a contract with Pemex Exploration and Production for the construction of an offshore production platform for the Ku-Maloob-Zaap field in the Gulf of Mexico with a total contract value of $95 million. Fluor’s share of the contract, $47.5 million, will be booked in the second quarter.
ICA Fluor and its subsidiary Industria del Hierro will be responsible for the procurement, construction, testing, and load out of the Ayatsil-C platform. Weighing 11, 832 tons and reaching 132 meters deep, Ayatsil-C the first structure of this size to be installed by Pemex. The project is expected to be completed by the end of 2013.
About ICA Fluor
ICA Fluor is the leading industrial engineering-construction company in Mexico, dedicated to the engineering, procurement, construction and maintenance of industrial facilities in the oil and gas, chemical, petrochemical, automotive, power, mining, and telecommunication industries.
Empresas ICA, S.A.B. de C.V. is Mexico's largest construction and infrastructure operations company. Founded in 1947, ICA’s principal lines of business are civil and industrial construction and engineering; infrastructure operations, including airports, toll roads, and water systems; and homebuilding. For more information visit www.ica.com.mx/ir.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded in 1912, John Simon Fluor Sr. started the company with a modest investment of $100. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. Fluor is celebrating its 100th anniversary during 2012.
Today, through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011. For more information, visit www.fluor100.com and www.fluor.com.
Source: Fluor Corporation