Synectics plc
("Synectics" or the
"Company")
Contract Awards
Synectics secures oil and gas contracts
in Qatar and Brazil
Synectics plc (AIM: SNX), a leader in advanced
security and surveillance systems, is pleased to announce the award
of two contracts, totalling £2.3 million, for oil and gas projects
in Qatar and Brazil.
The contract in Qatar, which is worth
approximately £1.8 million, will see Synectics supply North Oil
Company ("NOC"), which is responsible for 45% of the country's oil
production, with its innovative security camera station technology.
NOC is preparing to increase production at the offshore Ruya
Project, as part of the expansion of the Al-Shaheen field, Qatar's
largest oil field.
The COEX camera stations will be supplied in
two phases, expected to occur in 2025 and 2026. The camera stations
will be deployed for the surveillance of critical locations on the
offshore platforms and to monitor operational activities to ensure
the safety and security of NOC's employees and assets.
Separately, Synectics has been selected to
provide its specialist security and surveillance solutions for a
Floating Production Storage and Offloading ("FPSO") vessel in
Brazil with a contract value of approximately £0.5 million. The
solution provided by Synectics will be integral to the vessel's
security operations and overall situational awareness, ensuring
compliance with rigorous offshore safety and performance
requirements.
Amanda
Larnder, Chief Executive Officer and Chief Financial Officer,
commented:
"Our track
record of technical excellence within the oil and gas sector is
further evidenced by securing these two important contract
wins.
"This is the
third phase of the Al-Shaheen expansion awarded to Synectics, and
we are delighted that we continue to be the vendor of choice on
this prestigious project. We look forward to working with North Oil
Company and continuing to strengthen our long-standing
relationship.
"The award of
the FPSO vessel represents another key milestone for Synectics in
supporting critical offshore operations with innovative and
reliable technology tailored to meet the demands of the global
energy sector."
For
further information, please contact:
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Synectics plc
Amanda Larnder, Chief Executive
Officer and Chief Financial Officer
Claire Stewart, Company
Secretary
email: info@synecticsplc.com
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Tel: +44
(0) 114 280 2828
www.synecticsplc.com
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Shore Capital
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Tel: +44
(0) 20 7408 4090
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Corporate Advisory -
Tom Griffiths / David Coaten / Rachel Goldstein
Corporate Broking - Fiona Conroy
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Vigo
Consulting
Jeremy Garcia / Fiona Hetherington / Peter
Jacob
synectics@vigoconsulting.com
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Tel: +44 (0) 20 7390
0230
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About Synectics plc
Synectics (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 are
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
