ICA Fluor wins oil platform contract

has signed a contract for the fabrication of two lightweight offshore platforms, named May D and Sinan NE, to be installed in the Gulf of Mexico.

awarded the $24 million contract to the ICA Fluor subsidiary Industria del Hierro, which manufactures 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. The platforms, with a total weight of approximately 1,600 tonnes, will be built at Industria del Hierro's Mata Redonda yard in Veracruz State, Mexico.

The two platforms 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 oil and gas company.

ICA Fluor is a Mexican industrial engineering company involved in the engineering, procurement, construction and maintenance of industrial facilities in the oil and gas, chemical, petrochemical, automotive, electricity, mining and telecommunication industries.