The general contractor Bonatti officially enters the Argentine market after having already developed a significant presence in Mexico and Chile. The group, in a joint venture with the US company Pumpco, has been awarded an EPC (engineering, procurement, and construction) contract for the realization of the entire pipeline system for the Argentina LNG project, with which the South American state aims to exploit the large offshore gas field of Vaca Muerta and which, by 2030, should ensure an export capacity of LNG (liquefied natural gas) up to 12 million tons per year (Mtpa) with the possibility of increasing the bar up to 18 Mtpa.
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The scope of work
The scope of work within the Argentina LNG project – which involves Eni, Argentina’s YPF, and the Emiratis of XRG – includes the construction of a 48-inch pipeline for natural gas transport and a parallel pipeline for liquid transport. Both will be approximately 527 kilometers long and will connect Meseta Buena Esperanza, in the Vaca Muerta basin, to Sierra Grande, in the province of Río Negro, on Argentina’s Atlantic coast.
The joint venture with Pumpco and Contreras Hermanos
Within the contract, which is worth a total of 1.2 billion dollars, the Italian share amounts to 480 million (approximately 421 million euros at current exchange rates). The US group Pumpco, specialized in the pipeline sector, will provide its solid expertise in the construction of large-diameter infrastructures. Meanwhile, the Argentine Contreras Hermanos, participating in the JV, will contribute with its local expertise and significant executive capabilities in the construction of energy infrastructures.
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Presence in Latin America
With this award, Bonatti, as mentioned, sets foot in the Argentine market and further consolidates its presence in Latin America. The group already boasts a very significant presence in the region, operating in both the energy and mining sectors. To date, the company has built over 3,500 kilometers of large-diameter pipelines, generating total revenues exceeding 4 billion dollars and employing more than 6,500 professionals.
The Mexico front
Argentina thus represents a new piece in the company’s growth path in Latin America, where it landed in 2012, starting from Mexico, which is now one of the group’s main international operational hubs and the reference platform for the development of activities on the continent. In Mexico, Bonatti has contributed to the construction of strategic infrastructures for the energy system, including over 3,000 kilometers of pipelines, 9 compression stations, and 3 terminals for refined product storage, as well as a significant intervention at the Eca LNG plant in Ensenada, Baja California, recently completed, with predominantly mechanical, electrical, and instrumental activities.
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