ICA Fluor Awarded Contracts By PEMEX To Construct Two New Lightweight Offshore Platforms

Irving, TX - ICA Fluor, the industrial engineering company jointly owned by Fluor Corporation and Empresas ICA, announced recently the signing of 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 $20M (USD). The new award was booked in the company's third quarter 2007.

The contracts were awarded by PEMEX Exploration and Production 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.

SOURCE: ICA Fluor