Mexico: ICA Fluor signs contract with Pemex

AICA Fluor, the industrial engineering company jointly owned by Fluor Corporation and Empresas ICA Sociedad Controladora, has signed four contracts, each for the fabrication of an offshore drilling platform to be installed in the NE region of Campeche Bay in the Gulf of Mexico. The contracts, worth nearly USD 169 million, were awarded by Pemex Exploración y Producción to a subsidiary of ICA Fluor, Industria del Hierro, located in Mata Redonda and Empalme, Veracruz, Mexico. The contracts are for engineering, procurement, construction, load out, sea-fastening and technical assistance during installation of the platforms. Total weight of the four platforms, which are scheduled for completion in August 2005, is approximately 30,000 tons. The four drilling platforms will help increase the oil production in the sea field of Ku-Maloob-Zaap, in the Gulf of Mexico, to replace production from the Cantarell Field. Industria del Hierro (IH) has fabrication yards located in Mata Redonda and Empalme, Veracruz, and is 100 percent owned by ICA Fluor. With more than 35 years of experience in the offshore market, IH has executed more than 60 marine projects; built platforms for use in water depths of 100 to 230 feet, and processed up to 40 thousand tons per year.

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