ICA Fluor, the industrial construction joint venture of Empresas ICA, S.A. B de C.V. and Fluor Corporation , 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.
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.
Source: Fluor , June 6, 2012