Exterran Holdings, Inc. (NYSE:EXH) today announced that it has signed two agreements related to projects in Bolivia and Brazil. The first, signed on Oct. 31, 2014, is a six-year compression services contract with Petrobras Bolivia S.A. including construction and installation of a compressor station for two fields near Tarija, Bolivia. The project will utilize up to 58,000 horsepower of compression equipment, including approximately 21,000 horsepower of compression equipment sold to Petrobras Bolivia by Exterran and approximately 37,000 horsepower of compression equipment owned by Exterran. Pursuant to the agreement, Exterran will provide and install all of the natural gas compression equipment, deliver engineering, procurement and construction management services, and operate and maintain the equipment. The compressor station will compress gas from the San Alberto and Itau fields for export primarily to facilities in Brazil and Argentina. The compressor station is expected to have a total volume capacity of approximately 450 million standard cubic feet of natural gas per day when fully operational. The second contract, signed on Dec. 11, 2014 with Petróleo Brasileiro S.A.(Petrobras), includes the construction and installation of an amine plant near the Carmopolis Field in Brazil. It will remove carbon dioxide and hydrogen sulfide from streams of approximately 16 million standard cubic feet of natural gas per day. The agreement also includes approximately 4,000 horsepower of compression equipment at three associated locations. Exterran will deliver engineering, procurement and construction management services at the three stations, and also will provide operations and maintenance for gas treatment and compression under a 10-year agreement. "We are pleased to strengthen our relationships with Petrobras and Petrobras Bolivia and build on our leadership in natural gas products and services worldwide," said Exterran President and CEO Brad Childers. Exterran is a global market leader in full-service natural gas compression, operating approximately 4.5 million horsepower of compression assets around the world, including approximately 800,000 horsepower in Latin America.
About ExterranExterran Holdings, Inc. is a global market leader in full service natural gas compression and a premier provider of operations, maintenance, service and equipment for oil and natural gas production, processing and transportation applications. Exterran Holdings serves customers across the energy spectrum--from producers to transporters to processors to storage owners. Headquartered in Houston, Texas, Exterran has approximately 10,000 employees and operates in approximately 30 countries. Exterran Holdings owns an equity interest, including all of the general partner interest, in Exterran Partners, L.P. (NASDAQ: EXLP), a master limited partnership, the leading provider of natural gas contract compression services to customers throughout the United States. For more information, visit www.exterran.com. 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 Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside Exterran Holdings' control, which could cause actual results to differ materially from such statements. Forward-looking information includes, but is not limited to, statements relating to the compressor station project to compress gas from the San Alberto and Itau fields for Petrobras Bolivia S.A., including the project size, capacity and scope, and Exterran Holdings' ability to successfully complete the project and operate the compressor station; and statements relating to the amine plant project with related compression equipment near the Carmopolis field for Petrobras, including the project size, capacity and scope, and Exterran Holdings' ability to successfully complete the project and operate the amine plant and compressor stations. While Exterran Holdings believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. Among the factors that could cause results to differ materially from those indicated by such forward-looking statements are: local, regional, national and international economic conditions and the impact they may have on Exterran Holdings and its customers; changes in tax laws that impact master limited partnerships; conditions in the oil and gas industry, including a sustained decrease in the level of supply or demand for oil or natural gas or a sustained decrease in the price of oil or natural gas; Exterran Holdings' ability to timely and cost-effectively execute larger projects; changes in political or economic conditions in key operating markets, including international markets; any non-performance by third parties of their contractual obligations; changes in safety, health, environmental and other regulations; and the performance of Exterran Partners.
These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties described in Exterran Holdings' Annual Report on Form 10-K for the year ended December 31, 2013, and those set forth from time to time in Exterran Holdings' filings with the Securities and Exchange Commission, which are available at www.exterran.com. Except as required by law, Exterran Holdings expressly disclaims any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.