This excerpt taken from the ICA 6-K filed Oct 2, 2007.
Mexico City, October 2, 2007 ICA Fluor, the industrial engineering company jointly owned by Fluor Corporation (NYSE: FLR) and Empresas ICA (NYSE: ICA), announced today the signing of two contracts for the design, procurement 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 $20 million (USD). The new award will be booked in the companys third quarter 2007.
The unit price contracts were awarded by PEMEX Exploration and Production to ICA Fluors 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 PEMEXs development of the offshore fields in the Bay of Campeche, said Juan Carlos Santos, ICA Fluors Director General.
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: October 2 , 2007