Exterran Awarded Contracts in Latin America

Exterran Holdings, Inc. 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 Petroleo 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.