Fluor joint venture gets $45 million contract

ICA Fluor, the industrial construction joint venture of Fluor Corp. and Mexico-based Empresas ICA, SAB de CV, said Wednesday it received a contract from Pemex Exploration and Production worth $45 million.

Under the contract, ICA Fluor will engineer and build a Maya crude oil dehydration system. The full value of the contract will be booked in the third quarter and is being executed over a 180-day schedule.

The project includes the modification of two existing storage tanks in the Dos Bocas marine terminal in the Mexican state of Tabasco.

In morning trading, Fluor shares fell 20 cents to $56.67, while Empresas' U.S.-listed shares fell 21 cents to $13.10.