Fluor Corp. announced that ICA Fluor, its industrial engineering and construction joint venture with Empresas ICA, signed a contract with Pemex Transformacion Industrial to supply detail engineering, procurement and construction (EPC) services for the utilities and offsites that are part of the Tula Refinery upgrade at Hidalgo, Mexico. The total contract value is US$1.1 billion. Fluor will book its $550 million contract share in the fourth quarter of 2015.
This contract results from the joint efforts of Pemex Transformacion Industrial (formerly Pemex Refinacion) and ICA Fluor to continue with the modernization process of the Tula Refinery.
Once the upgrade project is completed, the refinery’s processing capacity will increase from 315,000 b/d to 340,000 b/d.
The project’s mechanical completion is scheduled for the Q2 of 2018.
Image from Fluor Corp.