Isolux Corsán Awarded new Contracts in Latin America for USD 600 Million Through its Subsidiary TECNA

MADRID, October 25, 2013 /PRNewswire/ --

• TOTAL has awarded the engineering and installation of equipment for the Incahuasi Project (Bolivia) and Alfa Cañadón Plant (Argentina) for USD 330 Million
  
• The company will build two treatment units for PETROBRAS within the Rio de Janeiro Petrochemical Complex with a price tag of USD 240 Million.
  
• Tecna has designed and built more than 150 plants in 15 countries and successfully completed over 1,500 engineering projects, with awards totalling USD 600 million in 2013

TECNA, a global technology, engineering, procurement and construction company owned by Grupo Isolux Corsán that is active in the oil and gas sector, has increased its presence in Latin America with the recent award of four new projects with a total budget of USD 600 Million in the first nine months of the year.

The French oil company TOTAL has awarded two projects to TECNA. In the first, the Incahuasi Project in Bolivia, the company will develop the first gas processing train of three production wells (Aquio X1001, ICS-X1 and ICS-2), with a nominal capacity of 6.9 MSm³/d. The Incahuasi Field is a north-south oriented structure located along the line of the top of the central mountain range near the town of Camiri in Bolivia. The contract includes detailed engineering, supply, installation, construction, connection, testing, pre-launch and assistance during commissioning of all facilities for Phase I.

Also for TOTAL, TECNA will install the fifth medium pressure turbocharger in the Cañadón Alfa Plant in the province of Tierra del Fuego, Argentina. The contract covers the engineering, procurement, construction, installation, commissioning and assistance for the implementation of a 11,500 kW turbocharger and the corresponding auxiliary equipment and interconnections. This is a very important project for energy self-sufficiency, one of the main objectives set by the Argentine government.

In addition, PETROBRAS has awarded TECNA -in association with leading firms in the Brazilian market- the URE Project of the COMPERJ Refinery. The contract includes the engineering, procurement and construction of gas treatment units with amines, recovery and treatment of sulfur waste gas, ammonia oxidation and auxiliary storage services and electricity.

Participating in a second consortium, also for the PETROBRAS COMPERJ refinery, Tecna will execute the UPGN-ROTA 3 Project for the development of basic and detailed engineering, supply, technology, procurement and construction of two natural gas processing trains with a capacity of 10.5 million m³ /day each.

COMPERJ is one of the leading industrial enterprises in the history of PETROBRAS. The complex, located in the region of Itaboraí, near Rio de Janeiro, occupies an area of 45 km² and to house a refinery producing 165,000 barrels of oil per day to supply the market with a wide range of fuels and hydrocarbons for industrial use.

In the words of José Ramón Tiemblo, CEO of TECNA,:  "These contracts of two leading customers in our market, PETROBRAS and TOTAL confirm our business plans, which include international diversification and strong growth in EPC engineering of large oil and gas projects."

40 years of experience

TECNA is an international engineering company with 40 years of experience in this industry. Specialising in the turnkey design and construction of oil and gas plants, as well as start-up, operation and maintenance, the company is active in Latin America, Europe, Africa and the Middle East. To date, the company has designed and built more than 150 plants in 15 countries and successfully completed over 1,500 engineering projects.

About Grupo Isolux Corsán

Grupo Isolux Corsán is a global benchmark in energy, concessions, construction and maintenance of major infrastructure and operates in over 38 countries on four continents. The construction of transport, railway, airport, maritime, and hydraulic infrastructures and residential and non-residential buildings are the main growth drivers of the company. In the energy sector, Isolux Corsán is one of the leading operators in the world in energy T&D installation and maintenance, one of the largest builders of EPC projects in the solar photovoltaic industry, and occupies an important position among large builders of power plants under EPC contracts. In addition, the Group manages more than 23,500 parking spaces under concession in Spain. Isolux Corsán manages, through its subsidiary Isolux Infrastructure, concessions for 6,047 km of transmission lines in Brazil, India and the U.S.,1,610 km of highways in India, Brazil, Mexico and Spain,  and promotes and manages 284.5 MWp of solar PV power plants in Spain, the U.S., India, Italy, Peru and Puerto Rico.

Press contact: Macarena Ramírez | [email protected] T: +34-91-4493000

SOURCE Isolux Corsán

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