updated 1/25/2011 9:17:17 AM ET 2011-01-25T14:17:17

ROCKVILLE, Md., Jan. 25, 2011 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), a leading real-time IT solutions and information provider for a sustainable world, announced today a new contract with PT Pertamina Gas (Pertamina), the largest oil and gas producer and distributor in Indonesia. Telvent will supply integrated data acquisition and advanced natural gas administration applications to Pertamina for its pipeline network Gas Management System. The new real-time critical infrastructure system will improve security, operational efficiency and provide additional expansion capacity and revenue potential for the operator.

Under the new contract, Telvent supervisory control and data acquisition (OASyS SCADA) system and advanced Gas Suite applications will be deployed at the Jakarta Headquarters and five local pipeline Area Control Centers serving North Sumatra (SBU), South Sumatra (SBS), West Java (JBB), Kalimantan (KAL) and South Sumatra (JBT).

The new OASyS information management infrastructure installed at these centers will combine real-time and historical measurement data to yield comprehensive, timely measurement, quality, and accounting information. The Gas Management System will be vital in helping Pertamina meet optimization goals for its pipeline networks operations, receipt and delivery operations and improve overall business performance.

Telvent CEO, Ignacio Gonzalez, emphasized the significance of this contract award. "The extensive and wide-ranging nature of this project suggests that opportunities in the energy market in Asia are growing continually. We are pleased Pertamina will rely on Telvent solutions to integrate data collection and gas pipeline management and operation for its gas pipeline networks as local regulatory changes continue to effect business needs. Moreover, we are pleased and proud that this award represents the beginning of the long-term relationship between Telvent and Pertamina."

PT Pertamina Gas Director of Operations, Gusti Azis, related how regulatory changes in oil and gas fields in Indonesia have impacted operations and his expectation for the new gas management and monitoring systems. "Since 2002, regulatory changes have resulted in separation between upstream and downstream business sectors. Downstream transmission and distribution of gas production, which had been a part of the upstream sector, is now implemented as an open access system so that existing infrastructure can also be used by the downstream sector. This project will help to smooth commercial operation and monitoring for gas transmission and distribution across both upstream and downstream sectors."

The new contract reinforces Telvent's leadership position in the supply and implementation of integrated SCADA, operations and business solutions for the natural gas industry. PetroChina Company Limited, the largest oil and gas producer and distributor in China, recently extended its hydrocarbon network control system based on Telvent's OASyS SCADA to help sustain the company's safe and secure energy supply to growing Chinese markets. Other projects recently entrusted to Telvent include the new Sichuan-East Gas pipeline extension for Sinopec, the second largest oil and gas operator in China, and the GD-LNG Terminal and Trunkline project for the Guangdong Dapeng LNG Company Ltd.

About Telvent

Telvent (Nasdaq:TLVT) is a global IT solutions and business information services provider that improves the efficiency and reliability of the world's premier organizations. The company serves markets critical to the sustainability of the planet, including the energy, transportation, agriculture, and environmental sectors. ( www.telvent.com )

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

About Pertamina Gas Company Limited

Pertamina engages in a wide range of activities related to oil and natural gas, including; development and production, transportation, refining, production and marketing of petrochemical products and derivatives. It is the world's largest producer and exporter of liquefied natural gas (LNG).

CONTACT: Investor Relations Contact
         Manuel Fernandez Maza
         Tel. +1 301 354 5432
         Email: ir@telvent.com
         
         Communication Contact

         Patricia Malo de Molina
         Tel. +34 954 93 71 11
         Email: comunicacion@telvent.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

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 5.04%
$30K home equity loan FICO 5.67%
$75K home equity loan FICO 4.96%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com