ICA Fluor Wins Offshore Platform Project

abarrelfullabarrelfull wrote on 21 Jan 2013 21:25

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Thursday, January 8, 2009

Fluor Corporation (NYSE: FLR) announced today that its Mexico-based industrial construction joint venture company ICA Fluor (NYSE: ICA) (BMV: ICA) was awarded a $51 million contract by Pemex Exploration and Production for the construction of two lightweight offshore platforms for the Cantarell production field in the Gulf of Mexico. The award was booked into backlog in fourth quarter of 2008.

ICA Fluor and its subsidiary Industria del Hierro will be responsible for the procurement, construction, testing and load out of the wellhead recovery structures. The new offshore platforms will be connected to the existing Akal-R and Akal-L production platforms. The additional infrastructure will help Pemex maintain heavy oil and associated gas production levels at the Cantarell field and will help to mitigate the impact of crude oil decrease at this reservoir.

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