Technip’s share in the latest contract is valued at about $40m. However, further details about financial aspects of the contract were not disclosed.

Under the contract, the consortium will be responsible to carry out detailed engineering, procurement, construction, training, commissioning and start up for the recondition of the combustion gases system of the No. 1 catalytic plant (FCC) of the refinery.

Technip Mexico country manager Emiliano Pescador said the company received its first engineering, procurement, and construction contract from PEMEX Refinación.

"We managed to capture it thanks to the acquisition of Stone & Webster process technologies and associated oil and gas engineering capabilities and its extensive experience and state-of-the-art technology portfolio," Pescador added.

Technip will execute the project work from its operating center in Mexico City with the help of Construcciones Industriales Tapia for construction work.

The project is scheduled to be completed in the second semester of 2014.