ICA » Topics » ICA FLUOR SIGNS A NEW CONTRACT FOR INTEGRATED SERVICES AT THE CHICONTEPEC OIL FIELD

This excerpt taken from the ICA 6-K filed Aug 14, 2007.

ICA FLUOR SIGNS A NEW CONTRACT FOR INTEGRATED
SERVICES AT THE CHICONTEPEC OIL FIELD

 

 

ICA Fluor interest in the consortium 29%

 

Total contract value of US$1.4 billion

 

Mexico City, August 13, 2007--ICA Fluor, the industrial engineering, procurement and construction company, jointly owned by Fluor Corporation (NYSE:FLR) and Empresas ICA (NYSE:ICA), today announced the signing of a contract by a consortium in which ICA Fluor holds a 29% interest for providing integrated services at the Chicontepec oil field in Mexico. The total contract value is US$ 1.4 billion and has a scheduled term of four years.

 

The scope of the work to be performed by ICA Fluor includes the engineering, procurement and construction of the surface infrastructure and production facilities of the onshore Chicontepec oil field for PEMEX Exploration and Production. The field is located 250 km northeast of Mexico City, in the states of Veracruz and Puebla. Chicontepec represents one of Mexico’s largest reserves discovered in 1925.

 

"ICA Fluor has worked for Pemex on a variety of projects throughout our 14 years of operation in Mexico,” said Juan Carlos Santos, General Director of ICA Fluor, "The new Chicontepec project is very important for Pemex Exploration and Production, and we are pleased to have the opportunity to continue to support Pemex in the development of this very large oil and gas reserve."

 

 

 

 

 

For more information contact:

 

Alonso Quintana

(5255) 5272 9991 x 3653

alonso.quintana@ica.com.mx

 

In the United States:

Zemi Communications

Paloma Grediaga

(5255) 5272 9991 x 3664

paloma.grediaga@ica.com.mx

Daniel Wilson

(212) 689 9560

dbmwilson@zemi.com

Berenice Muñoz

(5255) 5272 9991 x 3678

berenice.munoz@ica.com.mx

Liliana Toro

(212) 689 9560

liliana.toro@zemi.com

 

 


 

PRESS RELEASE

 

 

 

 

 

 

 

 

 

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

 

ICA Fluor is the leading industrial engineering company in Mexico, dedicated to the engineering, procurement, construction and maintenance of industrial facilities in the oil and gas, chemical, petrochemical, automotive, electricity, mining and telecommunication industries.

 

Empresas ICA was founded in 1947. ICA’s principal lines of business are construction and engineering; housing; and infrastructure operations, including airports, toll roads, and municipal services. For more information please visit www.ica.com.mx.

 

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, and maintenance and project management. Now headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $13.2 billion in 2005. For more information, visit www.fluor.com.

 

 

 

 

 

INVESTOR RELATIONS

www.ica.com.mx

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date:August 13, 2007

 

Empresas ICA, S.A. de C.V.

 

  /s/ JOSE LUIS GUERRERO         
  Name: Dr. José Luis Guerrero
  Title: Chief Executive Officer

 

 

 

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