updated 12/9/2010 9:16:40 AM ET 2010-12-09T14:16:40

ROCKVILLE, Md., Dec. 9, 2010 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the leading real-time IT solutions and information provider for a sustainable world, announced that it has signed a new turnkey contract with Mexican state energy company Mexican Petroleum (Pemex) to provide a centralized control solution for automated product handling at all Pemex oil storage terminals. The Telvent solution will optimize the accuracy of product data and support agile business management for the third largest oil producer in the world.

Pemex has realized successful pipeline control based on Telvent's OASyS supervisory control and data acquisition (SCADA) system and will extend its reliance on the advanced Telvent technology to manage the product receiving and storage facilities in the Mexican National Storage and Distribution Terminal Network (Red Nacional de Terminales de Almacenamiento y Reparto de Mexico).

The Telvent automation systems will centralize product loading, unloading and delivery operations. The advanced application software will collect product volumes and balances and make this data available in real-time to Pemex enterprise applications, improving the accuracy and efficiency of the related business processes. The system also includes fire prevention support for the safety of personnel, the community, and the environment.

Initially, seven terminals will be modernized with the Telvent SCADA, with automation of 77 terminals expected during this project. Yet, because the Telvent control system is scalable, it will easily accommodate terminal network modifications and further expansion, providing Pemex a long-term control solution.

Telvent's CEO, Ignacio Gonzalez, emphasized the significance of this new contract, "We're very proud of our close relationship with Pemex, as its state-of-the-art technology provider, and of being able to support its efficient hydrocarbon storage and distribution operations. This project will undoubtedly reinforce the quality of Petroleos Mexicanos operations."

Telvent has been operating in the Mexican market since 1990, developing control, data, management, and telecommunication system activities in the energy, environment, and transportation sectors. It is a technology leader in the country's gas and oil industry, providing hydrocarbon management solutions; and managing projects in exploration, production, transportation, distribution, and storage.

About Telvent

Telvent (Nasdaq:TLVT) is a global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for the world's leading companies. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors. ( www.telvent.com )

The Telvent GIT S.A. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6852

CONTACT:  Telvent GIT S.A.
          Investor Relations Contact
          Barbara Zubiria
            +1 301 354 5432
          Communication Department Contact
          Patricia Malo de Molina
            +34 954 93 71 11

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com