ICA Fluor Signs Contract with PEMEX for Offshore Platforms

ICA Fluor and Empresas ICA Sociedad Controladora, have signed a contract for the fabrication of two sleek and lightweight offshore platforms (named May D and Sinan NE) to be installed in the Gulf of Mexico. The $24-million contract was awarded by PEMEX Exploration and Production to the ICA Fluor subsidiary Industria del Hierro, which is dedicated to the fabrication of modules and offshore platforms.

The contract is a 198-day unit price project that involves engineering, procurement, construction, load out, and seabed fastening. Scheduled completion is November 2006. These sleek and lightweight platforms, with a total weight of approximately 1,600 tons, will be fabricated at Industria del Hierro's Mata Redonda yard in Veracruz State, Mexico.

These two structures will help increase oil production in PEMEX's Southwest Region fields in the Gulf of Mexico, which will replace the declining production from the mature Cantarell Field.

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

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Posted 31/05/06

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