Air Products and Grupo Infra sign 10-year nitrogen supply agreement with Pemex

19-Jan-2006

Air Products announced that a new joint venture company, Tecnología en Nitrógeno, S. de R.L. de C.V., formed with its Grupo Infra partner, signed a 10-year contract with Pemex Exploracion y Produccion (PEP) for the supply of 90 MMSCFD (3,200 T/D) of nitrogen for injection into PEP's Jujo-Tecominoacan oil fields near Villahermosa, Tabasco, Mexico. The supplied nitrogen will be used for enhanced oil and natural gas recovery. The joint venture company executing the agreement for nitrogen supply will use project financing for this effort.

The air separation plant supplying the nitrogen will be constructed and is to be on stream in November 2007. The engineering and imported equipment will be provided by Air Products. CryoInfra will supply the local equipment and construction, and will operate the plant. Grupo Infra's leading industrial gas position in Mexico combined with Air Products' state-of-the-art air separation technology were keys to being awarded this project.

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