Fluor Corporation (NYSE: FLR) announced that ICA Fluor, its industrial
engineering, fabrication and construction joint venture with Empresas
ICA, S.A.B. de C.V. (BMV and NYSE: ICA), signed a contract with Shell
Canada Energy to supply modular fabrication and procurement services for
13 well pads for heavy oil extraction at Shell’s Carmon Creek project
currently under construction in northern Alberta. The project is
expected to produce about 80,000 barrels per day of heavy oil from
Shell’s Peace River Operations using steam recovery methods. The initial
contract awarded to ICA Fluor is worth US$264 million, and Fluor will
book its $132 million share in the fourth quarter of 2014.
“This project is a major step for our company,” said Juan Carlos Santos,
director general of ICA Fluor. “We are proud of this certification of
our fabrication yards’ capabilities and work processes, and we look
forward to supporting Shell on their North American projects.”
ICA Fluor will fabricate the modules at the El Empalme yard, property of
its wholly-owned subsidiary, Industria del Hierro, located in Tampico,
Tamaulipas, Mexico. The completion is scheduled for December 2017.
“This is a great opportunity for ICA Fluor, for Mexico’s labor force and
for the Tampico region,” said Lucía Bustamante, communications and
government relations director for Shell Mexico. “After a solid
certification process, negotiations and several site visits for further
assessment, the final outcome is a successful enterprise framework
agreement that will add value to the Shell Carmon Creek project.”
This contract is the first award under the multi-year frame agreement
signed with Shell Global Solutions International U.S. for projects in
North America in June 2014. It is also the first fabrication work ICA
Fluor/Industria del Hierro will perform for a project in Canada.
Shell Mexico’s sourcing office promotes the use of Mexican suppliers on
a global basis that have been already qualified according to Shell’s
technical and health, safety, security and environmental standards. This
opportunity clearly provides diversification of demand for Mexican
suppliers. This award reinforces ICA Fluor’s fabrication capabilities
and competitiveness to support projects located around the world.
Module fabrication enhances safety performance by transferring work at
heights to ground level and improves quality and productivity by working
in a controlled yard environment. The approach can shorten construction
schedules by allowing simultaneous activities at both the job site and
fabrication yard. It also reduces site congestion, minimizes impacts to
existing facilities and reduces risks and costs associated to
weather-related impacts.
About Shell
For more information, please contact Paulina Rensoli Meana at paulina.rensolimeana@shell.com.
About ICA Fluor
ICA Fluor is the leading industrial engineering-construction company in
Mexico, dedicated to the engineering, procurement, construction and
maintenance of industrial facilities in the oil and gas, chemical,
petrochemical, automotive, power, mining and telecommunication
industries.
About ICA
Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company.
ICA carries out large-scale civil and industrial construction projects
and operates a portfolio of long-term assets, including airports, toll
roads, water systems, and real estate. Founded in 1947, ICA is listed on
the Mexican and New York Stock exchanges. For more information, visit www.ica.com.mx/ir.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and construction
firm that designs and builds some of the world's most complex projects.
The company creates and delivers innovative solutions for its clients in
engineering, procurement, fabrication, construction, maintenance and
project management on a global basis. For more than a century, Fluor has
served clients in the energy, chemicals, government, industrial,
infrastructure, mining and power market sectors. Headquartered in
Irving, Texas, Fluor ranks 109 on the FORTUNE 500 list. With more than
40,000 employees worldwide, the company's revenue for 2013 was $27.4
billion. Visit Fluor at www.fluor.com
and follow on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orEric Krantz, 281-263-6030orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222