Fluor Corporation (NYSE: FLR) announced today that its ICA Fluor industrial engineering-construction joint venture with Empresas ICA, S.A.B. de C.V. (BMV: ICA) (NYSE: ICA) was awarded a new contract by Pemex for the construction of a gas compression system to service the Dos Bocas Marine Terminal located in Paraiso, Tabasco, on the Gulf of Mexico. Fluor will book its $54 million share of the contract in the third quarter of 2013.
ICA Fluor will be responsible for the engineering, procurement, construction and start-up services for the electromechanical works and tie-in of the new system to connect a 77-kilometer, 36-inch diameter pipeline to transport gas and crude oil from the Litoral offshore platform to the processing facilities in the marine terminal. The project is expected to be completed in the second quarter of 2015.
“This project provides ICA Fluor with the opportunity to support Pemex in advancing the key goals set forth in their strategic plan, which includes modernization of their gas transportation system to service increasing demand,” said Juan Carlos Santos Fernandez, director general of ICA Fluor.
About ICA FluorICA 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. About ICA 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 For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, more than 40,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had revenue of $27.6 billion in 2012. For more information, visit www.fluor.com and follow us on Twitter at @FluorCorp.
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