ICA Fluor Receives Pemex Contract to Build Gas Compression System in Mexico
Sep 25, 2013 (Close-Up Media via COMTEX) --
Fluor Corp. announced that its ICA Fluor industrial engineering-construction joint venture with Empresas ICA, S.A.B. de C.V. (BMV: 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.
According to a release, 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.
ICA Fluor is an 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 a construction and infrastructure operations company.
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