HOUSTON--(BUSINESS WIRE)--Jan. 30, 2015--
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 Exterran
Exterran 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.
Source: Exterran Holdings, Inc.
Exterran Holdings, Inc.
Media
Susan Moore, 281-836-7398
or
Investors
David
Oatman, 281-836-7035