ICA Fluor to Build Two Lightweight Offshore Platforms for Pemex

ICA Fluor has signed two contracts for the design and construction of two lightweight offshore platforms, Yaxche-B and KAB-A, in the Gulf of Mexico. The total combined value of the two contracts is approximately $20 million (USD). The new award was booked in the company's third quarter 2007.

PEMEX Exploration and Production awarded the contracts to ICA Fluor's subsidiary Industrias del Hierro (IH) which is dedicated to the fabrication of modules and offshore platforms. The scope of work for these contracts will include engineering, procurement, construction, load out, and sea bed-fastening of the offshore platforms. The two lightweight platforms weigh approximately 1,600 metric tons. Yaxche-B is expected to be completed by April 2008, and KAB-A by May 2008.

"Industrias del Hierro has successfully designed and constructed 11 platforms for PEMEX since 2003. We are pleased that we can continue to contribute to PEMEX's development of the offshore fields in the Bay of Campeche," said Juan Carlos Santos, ICA Fluor's Director General.

PEMEX Exploration and Production is a subsidiary of PEMEX, Mexico's state-owned integrated oil and gas company.

ICA Fluor is the leading industrial engineering company in Mexico, dedicated to the engineering, procurement, construction and maintenance of industrial facilities in the oil and gas, chemical, petrochemical, automotive, electricity, mining and telecommunication industries.

Empresas ICA was founded in 1947. ICA's principal lines of business are construction and engineering; housing; and infrastructure operations, including airports, toll roads, and municipal services.

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenue of $14.1 billion in 2006.

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