ICA Fluor Wins Platform Contract from Pemex

ICA Fluor, the industrial engineering company jointly owned by Fluor Corporation and Empresas ICA Sociedad Controladora, has signed four separate contracts, each for the fabrication of an offshore drilling platform to be installed in the northeast region of Campeche Bay in the Gulf of Mexico.

The contracts, worth nearly $169 million dollars, 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.

"These four projects confirm the ICA Fluor and Industria del Hierro positioning, competitiveness and success in the offshore fabrication business," said Jorge Borja, ICA Fluor's general director.