ICA Fluor Signs $276 Million Contract to Build Two Modular Cryogenic Plants for PEMEX

Tuesday, January 16, 2007 8:30 am EST

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022

IRVING, Texas--(BUSINESS WIRE)--ICA Fluor, the industrial engineering and construction company, jointly owned by Fluor Corporation (NYSE:FLR) and Empresas ICA (NYSE:ICA), today announced the signing of a contract for the engineering, procurement, construction and start-up support services for two modular cryogenic plants for Pemex Gas y Petroquímica Básica. The total contract value is $276 million. The contract will be booked in fourth quarter 2006 and the value will be split evenly between Fluor and Empresas ICA.

The consortium formed by ICA Fluor and Linde Process Plants Inc., will develop the project, which is scheduled to be completed in approximately 24 months.

Located in the gas processing center of Reynosa, Tamaulipas, Mexico, the cryogenic plants will have a total capacity of 200 million standard cubic feet-per-day capacity and will be based on state-of-the art turbo-expander technology.

PEMEX Exploration and Production is a subsidiary of PEMEX, Mexicos 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.

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.

Empresas ICA was founded in 1947. ICAs 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.

(FLRG)

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Jason Landkamer, 469-398-7222
Fax: 469-398-7277

   

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