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Contract Wins and Joint Ventures

Servelec wins contract with major UK gas supplier

21 December 2016 09:46

Servelec has been awarded a contract by a major UK gas supplier to provide a remote operations solution for a gas platform in the North Sea by deploying a specially developed Servelec Controls system.

Whilst conversations have been ongoing regarding this potential project for many years, work has now started on the project and is expected to contribute towards revenues in the current financial year.

Following installation on the first platform by May 2017 there are options to extend the system to cover additional platforms.

At 9:46am: (LON:SERV) Servelec Group share price was +18.5p at 268.5p

Story provided by StockMarketWire.com

Related Company: SERV

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