ICA Fluor lands gas compression contract with Mexico’s Pemex

20 September 2013 19:29 Source:ICIS News

MEDELLIN, Colombia (ICIS)--Mexico’s ICA Fluor has landed a contract with state-run energy giant Petroleos Mexicanos (Pemex) to build a gas compression system at the marine terminal at the port of Dos Bocas on the Gulf of Mexico, the industrial engineering company said on Friday.

ICA will be responsible for the engineering, procurement, construction and start-up of the system, as well as connecting it to a 77-kilometre (30-mile) pipeline that will transport gas and crude oil from the Litoral offshore platform in the Bay of Campeche to the marine terminal’s processing facilities.

ICA is a joint venture between US-based petrochemicals engineering major Fluor and Mexican construction firm Empresas ICA.

Fluor’s share of the contract is valued at $54m (€40m), which the company will book in third quarter of this year, ICA said.

“This project provides ICA Fluor with the opportunity of supporting Pemex in advancing the key goals set forth in their strategic plan, which includes modernisation of their gas transportation system to service increasing demand,” said ICA director general Juan Carlos Santos Fernandez.

Construction is scheduled for completion in the second quarter of 2015, the company said.

($1 = €0.74)

By Simon West