|
|
|
CONTRACT SIGNED FOR VENEZUELA HEAVY OIL PROJECT
Dallas, Texas - Petrozuata CA., a joint venture company owned by Maraven (49.9%) and Conoco (50.1%), has awarded CONTRINA a lump-sum engineering, procurement and construction contract worth about US $500 million for the design and construction of extra heavy crude oil processing facilities and related utilities and offsites in the Jose industrial condominium, near Puerto La Cruz, in the eastern State of Anzoategui.
CONTRINA is a permanent joint venture for the Venezuelan heavy oil upgrade program formed by five world class engineering and construction firms: Halliburton Company's (NYSE:HAL) Brown & Root subsidiary and Parsons Process Group, both of Houston, Texas; Technip, Paris, France; and Proyecta and DIT-Harris, both of Caracas, Venezuela.
The contract covers the process and utilities engineering, procurement and construction packages of the Venezuela Extra Heavy Oil Project downstream project to process the extra heavy crude oil from the Zuata area of the Orinoco Belt.
The main process units (package 1) are crude desalter, vacuum distillation, delayed coker, gas recovery plant/fuel gas system, naphtha hydrotreater, amine regeneration, sour water stripping and sulfur recovery. Package 2 mainly comprises utilities and offsites including storage and handling facilities.
The plant is designed to process 120,000 barrels per calendar day of extra heavy crude oil and will use state-of-the-art technologies. It is scheduled to come on stream in mid-2000.
Halliburton Company is one of the world's largest diversified energy services, engineering, maintenance, and construction companies. Founded in 1919, Halliburton provides a broad range of energy services and products, industrial and marine engineering and construction services.
Contact
Guy Marcus
VP - Inv. Rel.
(p) 214.978.2691
Barbara Johnson
Media Rel.
(p) 713.676.8097
Back to Top
| |
|
