ICA Fluor signed a US$1.3 billion contract with Pemex Refinación for the construction of the delayed Coker unit that will be installed at the Miguel Hidalgo Refinery in Tula, Hidalgo, Mexico.
Fluor will book its $650 million share of the contract in the 4Q 2014.
ICA Fluor was awarded a contract for Phase I of the residue recovery project for the Miguel Hidalgo Refinery in 2013. This Phase II contract involves providing detailed engineering, procurement and construction (EPC) services for the 86,000b/d capacity plant. It is the first package to be converted to the EPC stage under the open book established in the Phase I contract. The mechanical completion of the project is scheduled for the 2Q 2018.
“This project is a major step in the modernization of Mexico’s oil processing facilities,” says Juan Carlos Santos Fernandez, ICA Fluor director general. “We are proud to be in the position to support Pemex with our Mexican engineering and construction resources to advance the key goals set forth in its strategic plan.”
ICA Fluor is an industrial engineering-construction joint venture made up of Fluor Corp. and Empresas ICA, S.A.B. de C.V.
Image from Fluor.