Mexican state oil monopoly Pemex has awarded the Mexican unit of Spain's Abantia two engineering contracts valued at 24 million euros ($31 million).

The contracts awarded to Denion Control y Sistemas mark a 70 percent increase in Abantia's business in Mexico, the Barcelona-based group said Tuesday.

The first contract, which will run for 18 months and is valued at 18 million euros, covers detailed engineering, equipment supply and construction for several oil and gas production units in different areas of the Chicontepec Basin.

That region encompasses several technically challenging onshore fields in the northern part of the Mexican Gulf coast state of Veracruz.

The project will consist of separating crude from its accompanying water and obtaining light oil and natural gas.

The second contract, valued at 6 million euros, covers the design, supply and construction of several elements needed to modernize the Angostura oil field and optimize the Matapionche gas processing complex in Veracruz state. EFE