Fluor petroleum projects in Mexico, Canada include water treatment

ICA Fluor signs $690 million contract to build Package II of a refining complex for Mexico's Pemex and Fluor signs another to support Canada's Ultramar in an ultra low sulfur diesel project. Both projects involve significant water treatment packages...

ALISO VIEJO, CA, Jan. 13, 2005 (PRNewswire-FirstCall) -- ICA Fluor, the industrial engineering company jointly owned by Fluor Corp., and Empresas ICA Sociedad Controladora, signed a contract for the engineering, procurement and construction services for Package II of the Lazaro Cardenas refining complex, for Pemex Refinacion. Total contract value for Package II is $690 million. Fluor booked its 50% share of the total contract value in its fourth quarter.

Fluor Corp. also was selected by Ultramar, a wholly owned subsidiary of Valero Energy Corp. and one of Canada's largest petroleum refining and marketing companies, to provide engineering and procurement services related to production of ultra low sulfur diesel in Quebec.

Both projects involve significant water treatment packages.

Integrated refinery services
Pemex Refinacion is a subsidiary of Pemex, the Mexican state-owned petroleum company. The Package II project, located in Minatitlan, Veracruz, Mexico, includes three main work areas: auxiliary services, a water treatment plant and works to integrate all services of the refinery. The project is scheduled to be completed by the end of 2008.

"This contract demonstrates the leadership and competitiveness of our company, as well as Pemex's confidence in ICA Fluor's high-quality engineering, and will provide almost four years of continuous work for Mexican workers and engineers," said Jorge Borja, ICA Fluor's general director.

ICA Fluor is the leading industrial engineering company in Mexico, dedicated to the engineering, procurement, and construction of oil, gas, electricity generation, petrochemical and chemical plants, as well as automotive and telecommunication installations.

Founded in 1947, ICA has completed construction and engineering projects in 21 countries. ICA's principal business units include Civil Construction, and Industrial Construction. Through its subsidiaries, ICA also manages airports and operates specialized port terminals, tunnels, highways, and municipal services under government concession contracts and/or partial sale of long-term contract rights.

New diesel hydrotreater
For Ultramar, Fluor is providing the services for a new diesel hydrotreater unit at its Jean-Gaulin Refinery near Quebec City, Quebec, which will produce ultra low sulfur diesel for on-road vehicles, in compliance with new Canadian regulations that take effect, June 1, 2006. Fluor also is performing the front-end design for the project's utilities and offsite facilities including those related to steam generation, water treatment, tankage, heat integration, flare and relief, electrical distribution, cooling water and firewater distribution.

About $20 million in contract value was booked in the company's fourth quarter. An undisclosed amount was booked earlier in 2004.

Fluor's office in Calgary, Canada, leads the effort, supported by staff at other offices including Aliso Viejo, Calif.

Fluor recently completed engineering and procurement services for Ultramar's Clean Gasoline Program at the same refinery.

In Canada Fluor is a preferred contractor of full engineering, procurement, construction, and maintenance services for Canadian and international customers in a variety of industries, including oil and gas. Fluor has been executing work in Canada since 1949 and has maintained an office in Calgary, Alberta, since 1973.

About Fluor
Fluor Corporation (www.fluor.com) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. With headquarters in Aliso Viejo, Calif., Fluor is a Fortune 500 company with revenues of nearly $9 billion in 2003.


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