ICA Fluor JV Awarded $54M Share of Contract to Build Gas Compression System in Mexico
Fluor Corporation (NYSE: FLR) announced today that its ICA Fluor industrial engineering-construction joint venture with Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE: 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.
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.