Exterran Selected by Pemex to Provide Gas Conditioning, Treatment and Compression Systems

abarrelfullabarrelfull wrote on 20 Jan 2012 08:12
Tags: exterran mexico ngl pemex services

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Pemex has selected Exterran (NYSE: EXH) to provide gas conditioning, treating and compression services in three natural gas facilities in the state of Veracruz, Mexico.

Under a five-year services agreement signed by the companies, the project will include equipment designed, fabricated and installed by Exterran including systems for dewpoint control, with further processes designed to remove liquids from the natural gas stream to meet Pemex’s specifications. The expected total volume of the three processing plants is more than 650 million standard cubic feet of natural gas per day. The project also will utilize more than 20,000 horsepower of idle compression equipment primarily from Exterran’s North American fleet.

“Exterran was selected because of our track record in Mexico and our ability to provide a total integrated solution while quickly supplying the equipment required,” said Exterran President and CEO Brad Childers. “We are pleased to provide valuable, comprehensive natural gas services to Pemex, including engineering, manufacturing, installation and operation. We look forward to commissioning these facilities in the second quarter of 2012.”

The project, which is Exterran’s largest by capacity in Mexico, builds on the company’s many years of experience providing natural gas compression, oil and gas infrastructure and surface production solutions for clients in the region. Exterran and its predecessor companies have approximately four decades of experience in the design, engineering, fabrication, installation and safe maintenance of gas processing facilities and have completed more than 300 of these facilities worldwide.

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