Petróleos Mexicanos disclosed the results of the bidding process for the rehabilitation and commissioning works to be carried out on the H-Oil Plant located in the Miguel Hidalgo refinery in Tula, in the state of Hidalgo.

This project will increase the production of ultra low suphur gasoline, in compliance with environmental regulations in effect, and the handling of crude oil for production of other fuels, such as diesel and jet fuel.

Nine consortiums participated in this procedure, and it was the corporate partnership formed by SAIPEM S.P.A / SAIMEXICANA S.A. de C.V that made the most favorable bid, with technical and financial conditions agreeable to Pemex, for an amount of 779.11 million pesos, 9 per cent lower than the bid that placed second.

About Pemex

Pemex, Mexico's state oil company, is engaged in the exploration, production, transportation, refining, storage and sale of hydrocarbons and derivatives. Its products include petrochemicals, natural gas, liquid gas, sulphur, gasoline, kerosene and diesel. Pemex operates 344 production fields, 6,382 production wells, 225 off-shore platforms, 6 refineries, 8 petrochemical complexes, 7,896 km of gas pipeline, 4,548 km of oil pipeline, and 19 LPG distribution terminals.

About Saipem

Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market. The company has distinctive competences in operations in harsh environments, remote areas and deepwater. Saipem provides a full range of services with “EPC” and “EPCI” contracts (on a “turn-key” basis) and has distinctive capabilities and unique assets with a high technological content.