Dubai July 18 2023: Avanceon Limited’s wholly owned subsidiaries in United Arab Emirates (Avanceon FZE) and Zamil joint venture company (Avanceon Arabia InfoTech. WLL) have secured contracts worth $4.2 Million from major EPC contractors and oil & gas companies in multiple regions.
These projects are significant in nature as they will establish Avanceon’s footprint in their respective regions and launch the first project for the newly formed joint venture company Avanceon Arabia Information Technology WLL in KSA. The details of the projects are mentioned below. Customer names have been withheld due to NDAs.
A Digital Subscription including setup by Octopus Digital Limited will be a part of the projects. Octopus Digital will provide state-of-the-art digitalization services and solutions to the customersto improve monitoring, efficiency, and optimization of assets.
Avanceon will provide all services in accordance with the local regulatory and QHSE authorities’ requirements. For the execution of this project, Avanceon will be partnering with World Class OEMs. All necessary studies will be carried out before the start of the project with failsafe plans to address any safety, quality, and environmental issues.
To reach $100 million in revenue by FY 2025, Avanceon set its corporate goal, “Road to 100.” With its annual PO generation goal on schedule for 2023, Avanceon remains on track with 5% of the final 2023 count comes from the orders mentioned above. Avanceon is dedicated to providing value to its stakeholders and pursuing continual progress. The group is committed to building on these achievements and using it to strengthen its position in the market and cater to changing client needs.
Avanceon Process Business Solutions is a Custom Build, Application driven Solutions Division of Avanceon working to Deliver State of Art Solutions for Industries. With a geographical footprint in six countries, Avanceon Process Business Solutions partners with reputable local and international partners to provide services to a variety of customer segments that include national oil companies, oilfield service companies, multinational companies, and process plant manufacturers. The division’s tailor-made solutions serve the industrial purpose at its field service hub in Dubai, UAE.
Products and Solutions offered include,, Modular Type and Chemical Injection Skids, Wellhead Control Systems, Instrument Air & Membrane Systems, Production Control and Monitoring, Process Control Systems/Digital & Wireless Technologies, Off Grid Solar Systems, Process Control Solutions/Digital & Wireless Technologies, Cloud Based Production Optimization and Visualization, Ex Consulting, Engineering and Training, After Market Services.
