Valerus wins $38M contract from Cardón IV


Valerus, a wholly owned subsidiary of Kentz and a provider of oil and gas handling services and equipment, has been awarded a contract from Cardón IV to provide engineering and procurement of a simplified early production plant in Punto Fijo, Venezuela. The US$38 million contract award follows an award previously announced in November 2013 for engineering, procurement, and construction of a gas conditioning and condensate stabilization facility, also in Venezuela.

The plant, to be designed and constructed on a fast-track execution strategy, will begin operating by the fourth quarter of 2014 and will deliver 150 million standard cubic feet per day of gas. The permanent installation will operate independently to boost production as necessary from the Perla field. Valerus will again combine local resources with Lindsay Venezuela to execute the project.

Cardón IV (currently Repsol 50% Eni 50% with a near future Venezuelan PDVSA participation) is the license holder and operator of the Cardón IV block offshore in the Gulf of Venezuela since 2006. During 2009 it announced the discovery of the multi-tcf Perla natural gas field, which is currently under development.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...