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Avanceon Secured Multi-Million Dollar Contract for One of the Largest World Oil & Gas Company in Middle East

admin-augaf by admin-augaf
January 19, 2023
in Business, Finance
Reading Time: 1 min read
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Government Withdraws Tax exemptions for Avanceon, Netsol, Systems and other IT exporters

Government Withdraws Tax exemptions for Avanceon, Netsol, Systems and other IT exporters

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Dubai January 19 2023: Avanceon has secured a multi-million-dollar contract to ensure seamless communication and asset monitoring for one of the largest Oil & Gas companies in the world.

The project will see Avanceon provide state of the art solution to nearly 184 wells in the first phase.

“The project is in its initial stages. Avanceon expects to complete it by December 2023” says Company Chairman Khalid Hameed Wain.

The EPC contract with an estimated value of $5 million will have Avanceon install wired/wireless transmitters for the monitoring of the wells’ annulus pressure and further transmitting signals to the headquarters using GSM/GPRS technology through mobile networks. The project will cover majority of the well sites spread across several assets.

Avanceon will partner with World Class OEMs for the execution of this project. Avanceon’s long service history, strong project references and technically sound and innovative solution played a major role in acquiring this project.

Avanceon will be conducting a HAZOP study before the start of this project and comply with all QHSE and local authority requirements to ensure safety, quality, and environmental issues.

Avanceon has executed several projects with the same customer previously. Avanceon fully understands the existing installation, software’s, firmware’s, hardware’s, warranties, and guaranties which will play a vital role for integration and seamless execution & implementation.

Tags: AvanceonAVN
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