MADRID, Spain, Feb. 5, 2009 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced that it has signed a new contract, valued at more than 30 million euros, with PEMEX, Mexico's state-owned petroleum company. Telvent will implement the SCADA control system in seven product pipelines in the PEMEX Refining division's national pipeline network.
The scope of work defined by the contract includes integration, monitoring, and control of 129 PEMEX Refining product storage and injection sites located throughout the northern, central, Gulf, and southeastern regions of Mexico. The control system will integrate nearly 2,568 kilometers of pipeline, representing 19% of the total length of the national network spanning eight sectors of the Mexican Republic. Unlike oil pipelines that transport crude oil only, product pipelines transport various liquid hydrocarbons.
The new Telvent system will yield greater security in the operation of facilities, mitigating risks for personnel, local communities, and the environment. It will centralize in a single system the monitoring of all operational variables, such as pressure, temperature, and fluid composition, all of which are significant in the transport, storage, and distribution of liquid hydrocarbons.
In addition to increasing security of operations, the integration of PEMEX Refining's product storage field equipment is expected to improve efficiency and reliability by optimizing the management of operational data and information. The Telvent system will make it possible to obtain, store, and process data from geographically dispersed areas, in real time, to ensure the timely delivery of crude oil required by the refining centers and refined products needed to meet the demand of distribution and marketing centers.
Manuel Sanchez Ortega, Telvent's Chairman and Chief Executive Officer, stressed the significance of this new contract, pointing out that it "brings us closer to Mexican Petroleum (PEMEX) and reinforces our position as a leading provider in Mexico in the area of hydrocarbon transportation and distribution control. We know that having accurate, real-time information is extremely important for this sector, and our job is to respond to these needs."
Being awarded this project puts Telvent at the forefront of supplying technology platforms for controlling hydrocarbons in Mexico, a market the company has been serving since 1990. During that time, Telvent has developed systems for control, information, management, and telecommunications in diverse sectors. Noteworthy is the company's role in the oil and gas industry, where it has headed up projects in the areas of operation, production, transportation and distribution.
About Telvent
Telvent (Nasdaq:TLVT) is a unique global company listed on the NASDAQ Stock Exchange and a component of the CleanTech Index(tm) -- the first, and only, stock market index of leading clean technology ("cleantech") companies.
Telvent, the IT company for a sustainable and secure world, specializes in high-value-added products, services and integrated solutions in the Energy, Transportation, Environmental and Public Administration industry segments, as well as Global Services. Its innovative technology and proven experience help ensure secure and efficient management of the operating and business processes of the world's leading companies. (www.telvent.com)
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