Telvent to Install SCADA System in Control Centers of Abu Dhabi Marine Operating Company
Posted on: Wednesday, 20 February 2008, 12:01 CST
* The project is valued at more than 18 million euros * The Abu Dhabi Marine Operating Company (ADMA-OPCO) is a leading company in the oil and gas production
MADRID, Feb. 20, 2008 (PRIME NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced that the Abu Dhabi Marine Operating Company (ADMA-OPCO) will install Telvent's supervisory control and data acquisition system (SCADA) at its control centers. The project is valued at more than 18 million euros.
Through this agreement, Telvent will supply products and solutions, including the implementation of remote terminal units (RTU), telecom infrastructure, solar power, hydraulic systems and engineering services, valued at more than 7 million euros. As a result, ADMA-OPCO will have a comprehensive solution to control its infrastructure, achieving the highest security level for its systems as well as providing technology that is environmentally conscious. This project demonstrates Telvent's ability to offer secure solutions to critical infrastructure, such as oil rigs and pipelines.
ADMA-OPCO, one of the leading companies in oil and gas production, focuses on the coast of Abu Dhabi, United Arab Emirates, where it has the largest two offshore oilfields in the world: the Zakum and Umm Shaif. Telvent will install its SCADA system at the control centers of these two platforms; the installation along with the agreed solutions is expected to take approximately 18 to 24 months.
Larry Stack, Telvent's Energy President, pointed out: "This project marks a milestone not only for our energy business division but also geographically. It is a strategic region, where we are poised to work with one of the leading companies."
In addition, Telvent announced the opening of a local corporate office in the United Arab Emirates for comprehensive management of the project. This office will be important for Telvent's strategy to land future projects in the Middle East.
About Telvent
Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, specializes in high value-added products, services and integrated solutions for the Energy, Transportation, Environment and Public Administration industry segments, as well as Global Services. Its innovative technology and client-proven expertise enable the efficient and secure real-time management of operational and business processes for industry-leading companies worldwide. (www.telvent.com)
The Telvent GIT S.A. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3116
This news release was distributed by PrimeNewswire, www.primenewswire.com
CONTACT: Telvent Investor Relations: Ana Plaza +34 902 335599 ana.plaza@telvent.abengoa.com Lucia Domville +1 646 284 9614 ldomville@hfgcg.com Communication Department: Patricia Malo de Molina +34 954 937 111 comunicacion@abengoa.com
Source: PrimeNewswire
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