Avanceon Pakistan Limited (AVNC) today announced that “Avanceon Limited and its wholly owned subsidiary Avanceon F.Z.E have recently entered into a firm contract with Pakistan Petroleum Limited.”
The total cost of the two projects have reached Rs. 75 billion both at the Pakistan Petroleum Limited (PPL) Adhi near Chakwal Punjab with delivery and timeline period of 5 – 6 months.
The two companies have already worked on a project at PPL Gambat Sindh Project in 2016.
Scope of work of Avanceon F.Z.E’s Rs. 69 million project at PPL Adhi near Chakwal Punjab includes “supply of complete SCADA control and instrumentation scope for 07 different wellheads near ADHI Plant facility in vicinity of 30Km. All Seven SCADA system will work as Remote Terminals and Communicate wirelessly to Main master terminal installed at ADHI Plant. In addition to the new SCADA wells, scope of work also includes supply of equipment for existing 17 wells for PPL Adhi.”
Similarly, the scope of work of Avanceon’s Rs. 6 million project at PPL Adhi near Chakwal Punjab includes “local supply content and servies i.e. complete installation, pre-commissioning, commissioning, supervision of complete SCADA Control system at (07) Seven different wellheads near ADHI Plant facility in vicinity of 30Km. In addition to these new SCADA wells, scope of work for the project also includes services and local supply against modification addition in existing 17 wells”.
The company expects the projects to have a positive financial impact on the Avanceon financials and improve the existing opportunities and provide a getaway for projects for Avanceon and its subsidiaries.
