Dutch Imtech Signs 25 Mln Euro Framework Contract for Oil Output Measurement in Romania

"The total value of this contract comes to around 25 million euro [$34.43 million]," the company said in a statement.

The Romanian oil sector is making significant investments in improving its production facilities. One of its key objectives is to modernise the measuring of the quantity and quality of its extracted oil with a view to meeting European and international standards, the statement said.

Imtech will be installing dozens of high-tech modular measuring stations in Romania. They will consist of a combination of automated measuring systems, data collection systems, data transmission solutions and direct links to clients’ information management and monitoring systems. The company has received the order to start supplying 29 measuring stations, with the relevant hardware, software, power distribution and monitoring systems, and has also signed a framework contract for dozens more of these stations in the coming period, it said.

"Romania is one of the eastern European countries where Imtech intends to realise further strategic growth," Imtech also said.

($ = 0.7261 euro)