Isolux Corsán Awarded new Contract in Oman, Reinforcing Presence in the Middle East

MADRID, May 14, 2012 /PRNewswire/ --

- TECNA, an Insolux Corsán subsidiary, has been awarded a conceptual engineering project in an international auction by the OMAN GAS COMPANY

- This highly technology project will assess the potential for recovery of Liquid Petroleum Gas in gas transmission

- This could be very important for OGC, allowing the gas company to maximize energy resources and define more competitive business models

TECNA, an international engineering company operating in the oil and gas industry of the Isolux Corsán Group, has been awarded a new project by the OMAN GAS COMPANY (OGC) in international bidding to develop the conceptual engineering for the extraction of Liquified Petroleum Gas "LPG" in Salalah pipeline network in Southern Oman.

This is a high-tech engineering study (only top level companies are qualified to do such work) that over  10 months will assess the potential recovery of Liquefied Petroleum Gases at various points of the gas pipeline facilities in the Salalah region of Oman, the first area selected for analysis.

The project includes, among other works, the economic studies and development of business models, market research for the marketing of LPG and condensate, identifying and selecting the most suitable process alternatives for maximizing recovery, localization studies of the facilities and the estimates for the investment required in each case, with the aim of allowing OGC to define the next phases of the project.

For OMAN GAS COMPANY this is a strategic project because it will generate very important added value on their current gas transmission business, adding the possibility of developing new industries thanks to the availability of the additional energy and raw materials.

Engineering in the oil and gas industry

TECNA is an international engineering company belonging to the Isolux Corsán Group with 40 years experience in the engineering and construction of turnkey plants and operation and maintenance of oil and gas facilities.

The company operates in Latin America, the U.S., Europe, the Middle East and Africa. TECNA has designed and built more than 100 plants in 15 countries and succesfully completed more than 1,500 engineering projects.

About Isolux Corsán

Isolux Corsán is a leading global benchmark in energy, concessions and construction and maintenance of large infrastructure. The company is active in over 30 countries on four continents. The construction of major transport, railway, airport, marine, and hydraulic infrastructure and residential and nonresidential building are its main growth areas. Isolux Corsán manages 5,533 kilometers of energy transmission lines in India, Brazil and the USA, 1,690 km of highways in Brazil, India, Mexico and Spain and the annual generation of 250 GW/h of clean energy through its 43 photovoltaic plants with an installed capacity of 175 MW in Spain, Italy and India, with an additional 55 MW currently under construction in India and Peru. The Group also holds concessions for more than 22,000 parking spaces in Spain. In the energy sector, Isolux is one of the largest builders of EPC projects worldwide in the solar photovoltaic industry and holds a leading position in the construction of large EPC power plants, with 1,500 MW under construction. http://www.isoluxcorsan.com

Macarena Ramirez - mramirez@isoluxcorsan.com - +34-91-449-32-93 & Alexandra Mariño - amarino@torresycarrera.com