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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fluor Corp | NYSE:FLR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.97 | 4.89% | 42.22 | 42.14 | 40.28 | 40.45 | 1,764,284 | 01:00:00 |
Mexican state oil monopoly Petroleos Mexicanos said Sunday it awarded four contracts for well-recovery rigs and related services as part of its efforts to contain the decline in production at the offshore Cantarell oilfields.
Pemex said in a press release that work on the contracts, which are for a combined $150 million, is expected to be completed in about eight months.
Pemex is seeking to maintain output levels at Cantarell, the country's principal oilfield, where heavy crude-oil production has fallen to less that one million barrels a day from more than two million barrels a day in 2004.
Among the companies that won contracts were ICA Fluor, a joint-venture of Mexico's Empresas ICA (ICA) and Fluor Corp. (FLR) of the U.S., and Grupo Carso SA's (GPOVY) construction unit Cicsa (CICSA.MX).
-By Anthony Harrup, Dow Jones Newswires; 5255-5001-5727; anthony.harrup@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.
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