Carbures signs a contract with Tecpetrol to improve an Oil & Gas field in Mexico
• Tecpetrol México, S.A., a subsidiary of the Argentine oil company Tecpetrol, has commissioned Carbures with the engineering developments for the improvement and modernization of the oil and gas facilities operating in the Mission area (Mexico).
• With this new and strategic client, Carbures has established itself as a reference engineering in the oil & gas sector in Mexico, where it already has solid experience. The work is carried out by the Civil Works area of the Company, a division that closed 2017, chaining its second consecutive positive recurring EBITDA.
Madrid, August 23, 2018. Carbures has signed an engineering contract of more than 1.1 million euros with the consortium Servicios Múltiples de Burgos (SMB) consisting of the Argentine oil company Tecpetrol and the Mexican R Group for the modernization and improvement of the facilities of the Mission field, an area of oil and gas extraction of 1.7 million square kilometers that extends through the Mexican states of Tamaulipas, Nuevo León and Coahuila. In addition, the Spanish multinational has extended the engineering contract signed with the Mexican oil giant, Pemex, in 2.5 million, to a total of 12 million euros. Carbures is consolidated as a civil engineering reference in oil & gas in Mexico.
The engineering project commissioned to Carbures by Servicios Múltiples de Burgos (SMB) for Tecpetrol is a complex and complete development that includes all the documentation and necessary works for the optimization of the processes of extraction and transport of crude oil and gas: from the study of engineering and its design, passing through technical specifications, calculation memories, purchase of technology and materials, contracting of civil works, electrical and electromechanical structures. All this complying with the highest standards and best international practices in the oil sector.
In this sense, the infrastructure for which the services will be developed in which Carbures, through its subsidiary in Mexico, applies a know-how acquired and developed by the company for four decades. Carbures Mexico has a long history in the engineering of gas collection and separation stations, construction of gas pipelines, oil pipelines and gasoline pipelines, going through different types of systems used in the fields of oil extraction, such as tax measurement of transference of custody, liquid and gas, condensate treatment, gas compression, as well as storage facilities in tanks.
With this new contract, Carbures responds to the needs raised by the consortium Servicios Múltiples de Burgos (SMB) in which the Mexican Group R and the Argentine Tecpetrol participate and which have a contract for the operation of Campo Misión with a duration of up to 35 years , in which the Mexican Pemex participates with 51 percent. Carbures foresees a greater expansion of its civil works area working in a sector that, like the oil industry, continues to grow and in which it already works for large extraction and marketing companies.
The CEO of Carbures, Borja Martínez-Laredo, affirms that "this contract means a boost to our engineering capacity in civil works, the confirmation that our know-how in Mexico is at the forefront of the sector and that it allows large Oil companies design safer, less expensive and more efficient facilities in both oil and gas extraction processes and in their transportation ".
Martínez-Laredo adds: "We are very satisfied with the performance of the company in the Oil & Gas sector in Mexico, which consolidates our trend of increased turnover in the civil works division. Our goal is to continue growing in this strategic area for the group. "
In 2017, Carbures' civil division was the one with the highest growth with 64.8 percent, reaching 6.4 million revenues and closed the year with a positive recurring EBITDA for the second consecutive year. The increase in both turnover and EBITDA, due to the diversification of customers, have had a positive impact for the business. Since 2015, Carbures Civil Works has grown more than 240 percent.
Another sign of the technological and industrial capacity of Carbures is in the contract of 2.8 million euros signed with Hyperloop Transportation Technologies (HTT), the train of the future, which will be able to exceed 1,200 kilometers per hour. Carbures is the only Spanish company that participates in the manufacturing project of this revolutionary infrastructure. It works in a double way: on the one hand, it has made the design, the engineering and is manufacturing the pilot tube of four meters in diameter, through which the futuristic train will levitate magnetically, and, on the other hand, the engineering and manufacturing of The travelers transport capsule. Both structures will be fully sensed