Dubai September 11 2024: Avanceon FZE, a wholly owned subsidiary of the Avanceon Limited, has secured a muti-million-dollar project to deliver state of the art energy solution and services.
The size of the project is approximately US$16.5 million and will extend for three years from August 2024 till August 2027.
The acquisition of the project underscores Avanceon’s commitment to delivering world-class automation and control solutions to the oil and gas sector in the Middle East region and beyond. This project gives a pathway for positive impact on group’s business and value for its shareholders.
For this project, Avanceon will be responsible for a range of cutting-edge instrumentation and control systems designed to enhance the safety, reliability, efficiency, and operational needs of the energy giant.
The scope of work includes the supply, integration, and commissioning of various advanced systems including (1) Supply, Installation, and Commissioning of Advanced Control & Safety Systems, (2) Advanced Control & Safety Systems will include Instrumentation Spares, Programmable Logic Controllers (PLC), High Integrity Pressure Protection Systems (HIPPS), and Wellhead Control Panels (WHCP), (3) Site survey, Detailed Engineering and Procurement of Materials, (4) Performance Testing (SAT & FAT) and Commissioning, and (5) Onsite Training, Maintenance, and Troubleshooting.
The acquisition of the project will have a positive impact on Avanceon’s Road to 100 Plan which is to reach US$100 m in revenue by the end of FY 2025. Avanceon FZE has a healthy pipeline in place for the year and expects to capitalize on its experience and expertise within the energy sector.
