Dresser-Rand and Repsol-YPF form alliance

Oct 31, 2007 01:00 AM

Dresser-Rand Group has signed an alliance agreement with Repsol-YPF that covers sales of all Dresser-Rand products and services. Dresser-Rand estimates the value of the alliance agreement to be approximately $ 100 mm (EUR 67.5 mm) for products and services over the next two years.
One steam turbine project for the Tarragona (Spain) refinery valued at approximately $ 13 mm (EUR 8.8 mm) was secured in August 2007. Subsequently, in the month of October, two projects for the Petronor Refinery (Bilbao, Spain) have been awarded with a total value of approximately $ 20 mm (EUR 13.5 mm). Dresser-Rand will supply one process reciprocating compressor, one DATUM centrifugal compressor and associated services.

"We're appreciative of the confidence that Repsol has placed in Dresser- Rand," said Vincent R. Volpe, Jr., president and CEO of Dresser-Rand.
"As a new alliance partner, we look forward to working with Repsol to provide value-adding solutions through lowest life cycle cost for new equipment and minimal emissions. We're also pleased to supply equipment to the planned refinery expansions reflecting the continued strength of this market segment, particularly as it relates to expansion in the European market."

Repsol-YPF's decision to enter into an alliance with Dresser-Rand was primarily based on Dresser-Rand's technical capability as well as its proposal to reduce Repsol's total cost of ownership of their assets.
Repsol-YPF will be able to realize considerable saving by not utilizing an EPC contractor for the final design stages and procurement (after FEED) based on Dresser-Rand's proprietary Corporate Product Configurator and its Price Book e-tools.

Repsol-YPF, S.A. is an integrated Spanish oil and gas company with operations in 29 countries, the bulk of its assets are located in Spain and Argentina. Repsol S.A. is one of the world's ten largest private oil enterprises, employing over 30,000 people worldwide.
Repsol-YPF operates five refineries in Spain and four in Latin America andproduces chemicals, plastics, and polymers. It sells gas under the brands Campsa, Petronor, and Repsol at more than 6,900 service stations in Europe and Latin America. It is one of Spain's largest sellers of liquefied petroleum gas.

Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries.
It operates manufacturing facilities in the United States, France, Germany, Norway, and India, and maintains a network of 27 service and support centres covering more than 140 countries.

Source / Dresser-Rand Group Inc.
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