This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Isolux CorsA¡n 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 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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs