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FLR Fluor Corp

42.22
1.97 (4.89%)
25 May 2024 - Closed
Delayed by 15 minutes
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

Mexico's Pemex Awards Contracts For Work On Cantarell Fields

11/01/2009 9:25pm

Dow Jones News


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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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