Exterran Holdings, Inc. (NYSE: EXH) announced today that Petrobras has awarded the company a contract for the design, fabrication and sale of a major natural gas processing and treating facility in Itau, Bolivia.
The facility is a dew point gas processing plant that can process 200 million standard cubic feet of natural gas per day and is expected to start up during 2013. Exterran is the primary contractor on the project, providing equipment; engineering, procurement and construction products and services; and project management.
Exterran’s President and CEO Brad Childers said, “This project further expands our presence in the Latin America region and demonstrates Exterran’s capacity to provide a single source for product integration, project management and efficient delivery, installation and startup.”
The project, which is Exterran’s largest gas processing facility by capacity in Latin America, builds on the company’s many years of experience providing 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 and installation of gas processing facilities and have completed more than 300 of these facilities worldwide.Forward-Looking Statements All statements in this release (and oral statements made regarding the subjects of this release), other than historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to: expectations related to the facility’s capabilities and project start-up. These statements are based upon current expectations and are subject to a number of risks, uncertainties and assumptions, which are more fully described in Exterran's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. These risks, uncertainties and assumptions could cause actual results to differ materially from those described in the forward-looking statements. Exterran assumes no obligation and expressly disclaims any duty to update the information contained herein except as required by law.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV