Recon Technology has received a new automation system order from China Petroleum & Chemical Corporation (Sinopec).
Recon received an order valued at RMB 5,080,000 (approximately $744,000 USD) from the Sinopec Xi'nan Oil and Gas Subsidiary in Sichuan Province for Recon's supervisory control and data acquisition system ("RSCADA"). Recon expects to deliver the system to the oil field in Dazhou city, Sichuan Province in April 2010.
RSCADA is an industrial computerized process control system that monitors, manages and controls petroleum extraction at underground, ground and above-ground levels. RSCADA connects the above-ground level central control room with the ground level relay station, and the relay station with the underground intelligent terminal using the 2.4G wireless frequency. RSCADA advanced technology has received grants and awards from the State Ministry of Science and Technology and the city of Nanjing.
Recon Technology CEO Shenping Yin said, "This order from Sinopec, a leading Chinese oil and gas company, further demonstrates our competitive position in increasing efficiency and profitability for China's petroleum industry. We have provided services to Sinopec since 1998, and we're pleased that Sinopec continues to select Recon for products to reduce equipment costs and enhance productivity levels and savings."
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