Saipem SpA has won two contracts from Mexico-based Petroleos Mexicanos (PEMEX) worth a total of USD 800 million. The contracts cover the engineering, procurement and construction, as well as commissioning and testing, of two desulphurization units and two amine-regeneration units, along with the associated auxiliary systems at two of PEMEX’s refineries. The Saipem contracts cover work to be carried out at the Miguel Hidalgo and Antonio M. Amor refineries, both of which are situated in high and difficult terrain. The Miguel Hidalgo refinery is located near the town of Tula de Allende, 150km north of Mexico City, at an altitude of 2000m above sea level. The refinery has a production capacity of 320,000bpd. The Antonio M. Amor refinery is 300km northwest of Mexico City, near the town of Salamanca, and at an altitude of 1700m above sea level. This refinery has a production capacity of 236,000bpdd. The Tula refinery, the first to be built in Mexico in three decades, is scheduled to be completed in 2015, while the upgrade at Antonio M. Amor is expected to be completed by the end of 2014. In total, PEMEX intends to invest about USD 12 billion to build and upgrade the refineries.
