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

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

PR Newswire

MADRID, October 25, 2013

MADRID, October 25, 2013 /PRNewswire/ --

  oTOTAL has awarded the engineering and installation of equipment for the
    Incahuasi Project (Bolivia) and Alfa Cañadón Plant (Argentina) for USD 330
    Million
  oThe company will build two treatment units for PETROBRAS within the Rio de
    Janeiro Petrochemical Complex with a price tag of USD 240 Million.
  oTecna 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 MSm^3/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 m^3 /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 | mramirez@isoluxcorsan.comT: +34-91-4493000

SOURCE Isolux Corsán
 
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