Nanjing Recon awarded two-year contract to maintain and operate an oil and gas production plant in China.
A variety of missions
Nanjing Recon, is awarded a two-year contract worth 6.73 million yuan, or $0.94 million. The contract is for the provision of maintenance services in automation, control and instrumentation. The contract is for a gas production plant in China.
Nanjing Recon is contractually bound to a subsidiary of Recon Hengda Technology. In addition, Recon is the first non-state-owned oil and gas service company in the People’s Republic of China listed on NASDAQ. It provides advanced automated technologies to increase oil extraction levels.
Recon decides to give his partner great responsibility. He will be in charge of safety, orderly maintenance and monitoring of the machines on site. These operations will help the Chinese oil and gas company meet its production targets.
An industrial recognition
The production site is located in the Chinese province of Sichuan. Fixed maintenance costs and variable expenses on component replacement costs are covered by the contract. Among other things, the company will have to monitor all instruments and meters, control valves, broadcasting, network communication and fiber optic communication.
Mr. Shenping Yin, founder and CEO of Recon says:
“After the previous 3.2 million yuan (approximately $0.45 million) contract secured in October, we are delighted to announce another milestone achieved by our dedicated team in securing the reconnaissance and service contract from one of China’s largest oil and gas companies. With our ability to efficiently fulfill bulk orders, we were able to meet the specific needs of our valued customers. As a quality-conscious company, we customize installations according to the specifications provided by our customers to achieve high performance, low maintenance costs, and a longer service life.”
Recon will handle the repair work and provide emergency troubleshooting across platforms and channels to ensure smooth data transfer. In addition, the power supply and remote connection must be stable at the production site.
Recon provides advanced technologies to China’s largest oil exploration companies. The company’s clients include Sinopec and CNPC. In addition, the company is taking leading positions in several segmented markets of the oil and gas industry.
