Last checked at 13 Apr 2023 07:00
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Synectics plc
("Synectics" or the "Company")
Contract Award
Synectics plc (AIM: SNX), a leader in advanced security and surveillance systems, announces the award of a contract worth approximately £3.5 million to supply specialist camera stations for Saudi Aramco's Zuluf development programme, which will be delivered by the end of the Company's financial year ended 30 November 2023.
The Zuluf field is approximately 40 kilometres off Saudi Arabia's northeast coast and the development programme, consisting of a new unmanned oil production wellhead connected to a new central processing facility, is expected to be on-stream by the end of 2026.
United Arab Emirates-based offshore engineering and fabrication giant National Petroleum Construction Company confirmed the award of the contract to Synectics and its integration partner, Exctel Engineering, for the Process CCTV system for the programme.
Based on a large number of Synectics' latest generation COEX™ C3000 TriMode camera stations, the Process CCTV system will provide safety monitoring and surveillance covering critical locations on the platforms to monitor process activities and protect Saudi Aramco's employees and assets.
Designed for hazardous-area applications and able to withstand operating temperatures up to 70 degrees Celsius, the COEX™ C3000 TriMode camera stations include the latest thermal imaging and encoding technology, providing unprecedented visual feedback in all lighting conditions.
Darren Alder, Head of Oil & Gas at Synectics commented: "Synectics were selected for this project based on a proud legacy and outstanding reputation for delivering high-quality, field-proven solutions to the global oil and gas industry. Our ability and commitment to delivering the project scope to the required timescale was also a crucial factor in the contract award."
Paul Webb, Chief Executive of Synectics, added: "Activity levels in the oil & gas market are now higher than we have seen for some years, and this large contract follows a number of smaller projects already received this year. The dedicated team at our operations centre continues to work closely with our supply chain partners to ensure that we can meet the increased demand we anticipate in this market in the near future."
For further information, please contact:
Synectics plc Paul Webb, Chief Executive Amanda Larnder, Finance Director |
| Tel: +44 (0) 114 280 2828 www.synecticsplc.com |
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email: info@synecticsplc.com |
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Shore Capital |
| Tel: +44 (0) 20 7408 4090 |
Tom Griffiths / David Coaten |
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About Synectics plc
Synectics plc (AIM: SNX) is a leader in advanced security and surveillance systems that help protect people, property, communities, and assets around the world.
The Company's expertise is in providing solutions for specific markets where security and surveillance is critical to operations. These include gaming, oil and gas, public space, transport, and critical infrastructure.
Synectics has deep industry experience in these markets and works closely with customers to deliver solutions that are tailored to meet their needs. Technical excellence, combined with decades of experience and long-standing customer relationships, provides fundamental differentiation from mainstream suppliers and makes the company a stand-out in its field.
Find out more at www.synecticsplc.com